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May 28, 2007
Ex-Skypers Kickoff Frenzoo Funding - 3D World For Hong Kong Teens
Ambient Sound Investments (ASI) sent us the news today that they are leading an ongoing Series A funding round for a 3D social network called Frenzoo (beta mode) that is targeting teenagers and young adults. Local blogs are calling it a Second Life for Hong Kong teen girls. It will be making money by allowing brands to get virtual product placements.
Just in case you are not a regular reader, Ambient is an investment vehicle set up by some early Skype employees to invest in startups. It typically does tech deals, ten so far. This is its first soc networking investment but its second that taps the Chinese-speaking market.
View Frenzoo
Posted on May 28, 2007 08:40 AM | Posted to News And Updates | Permalink
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