Tuesday, July 24, 2007

hi5 Nets $20M

San Francisco-based hi5, an online social networking web site, said today that it has raised $20M in a venture capital funding from MDV-Mohr Davidow Ventures. hi5 said that it will use the funding to expand its services and grow into new markets. hi5 provides social networking with a tilt towards international markets. According to the firm, it has more than 60 million registered members and has been profitable for the last two years. More information »