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December 13, 2006
Passado.com Finds A US VC For A €10M Round
Passado.com, a Myspace and Bebo-type online social network, has raised €10M to expand into UK, Russia and Italy, reports Reuters in London. The new investor is US-based Tudor Ventures, joined by earlier investor DFJ ePlanet.
The Passado business plan has been making the rounds in the VC market for a while we hear. It was initially a kind of Classmates.com or Friends Reunited type site in Germany, but it is now British-owned and offering blogs and other applications. It claims 5M registered users.
It's a bit unusual for Reuters to report a VC investment in a social networking startup, we're not sure what it means, if anything.
Read - Networking site Passado plans to expand (Reuters)
Posted on December 13, 2006 02:58 PM | Posted to News And Updates | Web 2.0 | Permalink
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