Tech Company Financing Transactions
Friendster Funding Round
Friendster closed a $10 million financing round on 8/22/2006. Investors included DAG Ventures, Benchmark Capital and Kleiner Perkins Caufield & Byers.
Transaction Overview
Company Name
Announced On
8/22/2006
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The funds will be put to use to increase the reliability and speed of the Friendster site; problems in those areas had contributed to a defection of users.
Company Information
Company Status
Acquired or Merged
Industry
Internet & IoT
Mailing Address
800 W El Camino Real 170
Mountain View, CA 94040
USA
Mountain View, CA 94040
USA
Phone
Undisclosed
Website
Email Address
Overview
With more than 31 million members, Friendster is the best way to stay in touch with your friends and it's the fastest way to discover the people and things that matter to you most.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Richard Kimber
Chief Financial Officer
Nimesh Shah
Vice President
Ben Dunn
VP - Bus. Development
Aaron Barnes
VP - Marketing
David Jones
VP - Operations
Karin Visnick
VP - Product Management
Andy Spillane
Browse more venture capital transactions:
Prev: 8/22/2006: Octagon Research Solutions venture capital transaction
Next: 8/23/2006: Tizor venture capital transaction
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About Our VC Transactions Data
We do our best to report on every notable VC transaction. VC investment data records reported here are derived from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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