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August 31, 2007
Viadeo Raises Another €5M
French business social networking startup Viadeo raised $5M from local investors AGF and Ventech [ via DeutscheStartups]. The three year old venture raised a similar amount last year from the same investors.
The startup has gone international since this reporter first looked at its then all-French website. Viadeo currently has about 2M members, about half of which are in France, says Neteco and has raised €10M in total prior to this round.
Growing across borders in Europe is not as easy-- or as cheap -- for a business-oriented social network as it is for ones that cater to our more basic instincts, it seems.
Based on the public information about Viadeo, it is spending about €5 for every new user and has a couple of revenue streams: subscription to its premium version and it also charges for ads on it classifieds platform.
Neteco reports that the capital is for Asian expansion and there are plans afoot to make some acquisitions in that part of the world. It is currently running a publicity campaign in the UK that pitches to potential users to join as a way to "manage" their Internet reputations.
Read - Job seekers must keep 'NetRep' in tact (hrzone)
Read - Viadeo Leve Encore (neteco)
Posted on August 31, 2007 06:57 AM | Posted to News And Updates | Web 2.0 | Permalink
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