Tuesday, July 13, 2010

hi5 Gets $14M More

San Francisco-based social networking site hi5 announced this morning that it has raised a new round of venture funding worth $14.0M. The firm said the second round of funding was led by Crosslink Capital, and brings its total raised to just over $34M. Mohr Davidow, its current investor, also participated in the funding. hi5 said the funding will go towards expansion into social gaming and virtual goods. As part of the funding, Crosslnk's Jim Feuille joins the board. More information »