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500Friends Secures Series A Venture Capital

Monday, March 19, 2012 5:36:00 AM PDT | VentureDeal Staff
   San Francisco, California  --  Internet technology company 500Friends has received $4.5 million in its first round of venture capital investment.

500Friends develops social loyalty and rewards programs for retail enterprises.

Investors in the round included Y Combinator, Quest Venture Partners, ZenShin Capital Partners and other undisclosed investors.

The company did not say how the funding proceeds would be used.

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