Wednesday, August 22, 2012

Tagged Raises $15M For More Acquisitions, Growth

San Francisco-based social networking site operator Tagged said today that it has raised $15M in a funding round, a growth round form Lighthouse Capital partners and Comerica Bank. Tagged said the funding will go to fund growth, and specifically, strategic acquisition. The company said it is already profitable. Tagged has acquired hi5, TopicMarks, and WeGame all in the last year; the firm said in January of 2011 that it had reached $32M in revenues in 2010. More information »