Palo Alto, Calif. - Hi5 Networks, an online social network with more than 70 million registered users, has raised $15 million in debt financing from Hercules Technology Growth Capital.

Launched in 2003, San Francisco-based hi5 is currently available in more than 12 languages, and is among the top traffic-generating websites in almost a dozen countries in Latin America, Europe and Asia.

"hi5's ability to localize its site to the specific language of each region in both content and advertising makes it an extremely attractive company in the popular social networking space," said Sam Bhaumik, senior managing director and group head of technology at Hercules.

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http://www.hi5.com