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OpenBC with funding

Filed in archive Venture Capital by tj on November 08, 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.


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

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Related Entries:

openBC - a laudation - 20 January 2004

OpenBC: Das Web 2.0 schlägt zurück - 10 September 2006

Wieder verschwunden: The Girls of openBC - 16 September 2006

OpenBC - Ich finde: Ja, es bringt was - 30 September 2006

Welcome to ETRE 2006 - 08 October 2006

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