DealTracker - Hi5 Raises $15 Million
Posted on January 30th, 2008 by dhirender
Social network Hi5 has got a $15 million funding from Hercules Technology Growth Capital says ContentSutra. The site, which originally targeted Indian expats but now has a more global outlook, raised $20 million from Mohr Davidow Ventures last summer. It claims to be in the top 10 globally in terms of traffic and the new backers touted the site Hi5’s ability to localize for various regions. The company didn’t offer any specifics on what it plans to do with the funding, other than to expand and invest in its service.
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