Monday, July 14, 2008

Gaia Online Raises $11M

San Jose-based Gaia Online, an online social networking and virtual world focused on teenagers, announced this morning that it has raised $11M in a Series C funding round from Institutional Venture Partners (IVP). Gaia runs an online virtual world focused on teenagers, which allows them to create an avatar, play games, chat, and otherwise socialize with others. Gaia did not say if its prior investors, which include Benchmark Capital, DAG Ventures, Redpoint Ventures, Sony Pictures, and Time Warner, participated in this new round of funding. More information »