Multiply.com raises $16.6 million
Social networking slash multi-media sharing site Multiply.com raises $16.6 million in its second round of funding, following its first round of $6 million more than three years ago when it was first launched.
With a slow start in 2003, this Florida-based startup slowly but steadily grew its market at the start of this year. Allowing users to share photos, videos, blogs, music, and other media with their network and with the rest of the world, Multiply was reported to get over 10 million unique visitors in August.
VentureBeat describes Multiply as a social network for 30-somethings, but from my end (being an avid user of the service myself), I can see a lot of young professionals and college students (early twenties) actively participating in the multiply scene. And now with this relatively large amount of VC funding, Multiply aims to expand their borders and enhance Multiply’s platform for better user experience.