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