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Multiply Secures Series B Venture Capital Round

Monday, September 10, 2007 5:00:00 AM PDT | VentureDeal Staff

BOCA RATON, FL -- Social networking company Multiply.com said that it has completed its second round of venture capital financing, receiving $16.6 million from a syndicate of firms.

Multiply has developed an online community that helps people connect through other networks.  It makes it easy to create, share and discuss blogs, videos and music with friends.

Investors included VantagePoint Venture Partners, Point Judith Capital Partners and Transcosmos.  The company will use the funding to enhance and extend its social networking platform.

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