Jul 13, 2010 12:09 PM
More than a year after reportedly being forced to lay off half of its staff because it was unable to raise new cash, social network Hi5 has raised $14 million in a new round of funding. The cash comes as Hi5, which has more than 50 million registered users, has…
Posted In: Advertising, Entertainment, Games, Money, M&A & Venture Capital, Venture Capital, Social Media, Community, crosslink capital, hi5, mohr davidow ventures
Apr 1, 2010 12:25 PM
Social network Hi5, which has been morphing into more of a social gaming service, has received about $3 million in debt financing a big $23 million in funding, in a mix of equity, debt and warrants, according to two SEC documents filed this morning (Update: The company PR says these…
Posted In: Entertainment, Games, Money, M&A & Venture Capital, Venture Capital, Social Media, hi5
Feb 24, 2010 6:06 PM
Social network hi5—which is increasingly emphasizing social gaming on its site (and now refers to itself as “the largest social entertainment site focused on gaming”)—has bought up social game firm Big Six. hi5 says the deal brings “significant new technology and software platforms in the areas of payment processing, fraud…
Posted In: Entertainment, Games, Money, M&A & Venture Capital, Mergers & Acquisitions, Social Media, Community, big six, hi5
Jul 14, 2009 4:38 PM
Struggling social network Hi5 has launched a downloadable games portal in conjunction with *RealNetworks*, adding over 1,500 new titles to the games section it built out earlier this year. These aren’t just casual games; the roster includes best-sellers like GTA: IV and Gears of War, the majority of which will…
Posted In: Entertainment, Games, Social Media, Companies, RealNetworks, hi5
Apr 1, 2009 9:37 AM
Unable to raise additional capital from investors, one of the world’s largest social networks has laid off half of its staff and is adding a new twist to its business strategy. Taking a cue from gaming companie, hi5 b>today entered into a partnership with games network Mochi Media to distribute…
Posted In: Advertising, Jobs & Layoffs, Media & Publishing, Money, M&A & Venture Capital, Venture Capital, Social Media, hi5, layoffs
Jun 30, 2008 1:38 PM
hi5 Networks, not-big-in-U.S.-but-big-elsewhere social network, has made a small acquisition: it has bought out PixVerse, a social chat tool used by users of hi5 and other social networks. Founded in 2007, PixVerse was backed by Venrock, and has Pix Chat and Pix Wall applications. hi5 opened up its platform, a…
Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Social Media, hi5, pixverse, venrock
Jan 29, 2008 11:51 AM
SF-based social network Hi5 has taken $15 million in venture debt from Hercules Technology Growth Capital. The site, which originally targeted Indian expats but now has a more global outlook, raised $20 million from Mohr Davidow Ventures last summer. It claims to be in the top 10 globally in terms…
Posted In: Money, M&A & Venture Capital, Venture Capital, Social Media, hercules technology growth capital, hi5
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