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OpenBC with funding

Filed in archive Venture Capital on November 8, 2005

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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.

Permalink: OpenBC with funding

Tags: openbc  funding  entrepreneurship  venture  technology  venture+capital  social+networking  please+enter 

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