Tech Company Financing Transactions
hi5 Networks Funding Round
On 1/29/2008, hi5 Networks landed $15 million in financing from Hercules Technology Growth Capital.
Transaction Overview
Company Name
Announced On
1/29/2008
Transaction Type
Debt
Amount
$15,000,000
Round
Undisclosed
Investors
Hercules Technology Growth Capital (Sam Bhaumik)
Proceeds Purpose
Ramu Yalamanchi, hi5's CEO and founder said, "With this capital infusion from Hercules, we will continue to invest in our service to expand the ways in which we meet the needs and interests of the diverse membership currently enjoying hi5."
Company Information
Company Status
Acquired or Merged
Industry
Internet & IoT
Mailing Address
55 Second Street 400
San Francisco, CA 94105
USA
San Francisco, CA 94105
USA
Phone
Website
Email Address
Overview
While on hi5, members discover friends, artists, and content. hi5 provides a platform for established artists, underground talent, and everyday people to all gain prominence amongst a worldwide audience. Our members voice their opinions and increase the significance of an artist, a person, or a piece of content.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
William Grossman
Chief Technical Officer
Alex John
VP - Bus. Development
Karthik Kongovi
VP - Operations
Dan Peterson
VP - Operations
John Szeder
VP - Product Management
David Selle
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