Buenos Aires, Argentina - Sonico, an online social network in Latin America that counts almost 17 million registered users, announced on Wednesday that it has secured $4.3 million in its first funding round, led by DN Capital.

Private investors including Zingy.com founder Fabrice Grinda, FON's Martin Varsavsky and DeRemate.com's Alec Oxenford also participated.

Argentina-based Sonico was launched in July 2007 and is the fastest-growing social network in Latin America and Brazil.

The company will use the funds to launch new product enhancements, strengthen technology infrastructure, and expand into additional Spanish- and Portuguese-speaking markets.

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http://www.sonico.com