Deal Announcements

SocialMedia Networks Scoops First Institutional Funding

Friday, October 19, 2007 5:00:00 AM PDT | VentureDeal Staff

MILL VALLEY, CA -- Internet company SocialMedia Networks, Inc. said that it has secured $3.5 million in its series A funding round.

The company provides "social platform services."  It provides advertisers and developers a complete package of management, marketing and monetization of their products or services inside popular social networking sites such as Facebook and Myspace.

Charles River Ventures led the round, which included Jeff Clavier of SoftTech VC II and individual investor Marc Andreesson.  The company will use the proceeds to expand its advertising network.

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