Montreal - Weblo.com, a virtual world that features duplicates of real-world properties, cities, states and celebrities, announced on Thursday that it has raised $3.2 million in venture capital from VantagePoint Venture Partners.

Montreal-based Weblo.com lets members create sites, and make money via online ads and by selling or auctioning assets for a profit.

The company will use the funds for global marketing and continued product development.

Related Links:
http://www.newswire.ca/en/releases/archive/July2007/19/c7928.html

http://www.weblo.com