myYearbook raises $13 million to drive growth and new offerings
Teen destination myYearbook.com has raised $13 million in Series B funding from Norwest Venture Partners (NVP) with existing investors, US Venture Partners and First Round Capital, participating. myYearbook will use the funds to develop new services for its members and continue to drive revenue.
“When looking at investment opportunities in the consumer internet sector, we found myYearbook offered the most attractive and engaging value proposition for both members and advertisers alike. The company has created a service that is highly valued by its members and a platform for marketers to reach and engage this audience in a friendly and effective way,” Sergio Monsalve of NVP said
Related posts:
- myYearbook.com now one of top 20 sites in US
- AdReady closes $10 Million in funding to fuel growth of self-service advertising platform
- myYearbook.com now third largest social network in the U.S.
- myYearbook teens use lunch money to real-world philanthropy
- Adify raises $19 Million to fuel growth of build-your-own network
Do you like this article? Submit it to Blogosphere News!
What do you think?