Online Social Network Multiply Raises $16.6 Million

Authored by Mark Hefflinger on September 7, 2007 - 7:25am.

Boca Raton, Fla. - Multiply, an online social network, has raised $16.6 million in its second round of venture capital financing, led by VantagePoint Venture Partners.

Point Judith Capital, and previous investors Transcosmos Investments also participated.

Boca Raton, Fla.-based Multiply's social network focuses more on creating smaller networks of members' friends and families, rather than meeting strangers.

Founded in 2003, the company now counts over 6 million members, and counted nearly 10 million unique visitors to its site in August.

Multiply said it will use the funds to enhance and extend its all-in-one social networking, communications and digital content-sharing platform.

 

Related Links:
http://multiply.com/info/press/seriesb

http://tinyurl.com/2ld37x

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