Home › DMW Daily › July 22, 2009

Ning Gets $15 Million for Niche Online Social Networks

Authored by Mark Hefflinger on July 22, 2009 - 8:11am.
Palo Alto, Calif. - Ning, a platform that allows any group or person to create their own niche online social network, has raised $15 million in new funding round that saw the company valued at $750 million, All Things D reported.

Lightspeed Venture Partners led the investment round.

Palo Alto, Calif.-based Ning was founded in 2007, by Netscape founder Marc Andreessen and Gina Bianchini.

The company counts counts over 29.3 million registered users and 1.3 million Ning networks, growing at a rate of nearly 4,000 new networks each day.

The networks attract about 6 million monthly unique visitors in the U.S.

 

Related Links:
http://snipurl.com/nql2b (All Things D)

http://www.ning.com

Published in DMW Daily, July 22, 2009
tags: Deals | VC | Social Networking | Ning | Marc Andreessen | Lightspeed Venture Partners |



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