Social Net Hi5 Raises $15 Million Venture Debt
SF-based social network Hi5 has taken $15 million in venture debt from Hercules Technology Growth Capital. The site, which originally targeted Indian expats but now has a more global outlook, raised $20 million from Mohr Davidow Ventures last summer. It claims to be in the top 10 globally in terms of traffic and the new backers touted Hi5’s ability to localize for various regions. The company didn’t offer any specifics on what it plans to do with the funding, other than to expand and invest in its service. Release.
Posted In: Money, M&A & Venture Capital, Venture Capital, Social Media, hercules technology growth capital, hi5
YouTube Videos
Social Standing
Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?
Show Me: