hi5 Nets $20M
San Francisco-based hi5, an online social networking web site, said today that it has raised $20M in a venture capital funding from MDV-Mohr Davidow Ventures. hi5 said that it will use the funding to expand its services and grow into new markets. hi5 provides social networking with a tilt towards international markets. According to the firm, it has more than 60 million registered members and has been profitable for the last two years.
posted on Tuesday, July 24, 2007 (Link to more information)
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