Tagged closes third round worth $15M
What are the chances that two high potential social networks would close their own round of funds on the same day? Earlier, it was Hi5, now, it’s Tagged.
Sources say that Tagged raised $15M worth of funding from a still unknown investor, their third round of financing over all — the first amounting to $1.5M, and the second, $7M. Interestingly, Tagged was reported to have garnered 350,000 users per day in May.
With millions of web startups rising with social networking elements, one can expect social networks to sell like hot pancakes, even if they’re not Facebook or Myspace. So.. which network is next?
Via TechCrunch.
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