OpenBC with funding

Filed in archive Venture Capital on November 8, 2005

OpenBC the Hamburg, Germany based social networking company has raised EUR 5.7 million from Wellington Partners and existing investors. Here is the english press release (PDF):

"CEO Lars Hinrichs intends to utilize the funds
from the Series A round to accelerate the international rollout of its platform. "We
are already available in 16 languages today, and our membership is growing by 15
percent a month worldwide. We still see enormous growth opportunities, especially
in Europe and Asia, and we now want to take a more aggressive stance in our
development."

Congrats guys - you started with the right vision and executed very impressively.