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Social Network Multiply.com Gets $16.6 Million Funding

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Multiply, a social networking and sharing site based in Boca Raton, FL, has received a relatively big $16.6 million second round of funding. The round was led by VantagePoint Venture Partners, with participation by Point Judith Capital and previous investor Transcosmos Investments. The company’s first round was $6 million..it was founded in 2003. The additional capital will be used to expand Multiply’s social networking, communications and digital content-sharing platform, it said. The company has also named David Scott Carlick to its board of directors…Carlick was Chairman of Intermix Media, parent of MySpace, through to its acquisition by News Corp in 2005.

A more detailed story about its supposed growth and future plans, here on VentureBeat.

Sep 6, 2007 9:07 PM ET

Posted In: Social Media

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