Social Networking - Sunday, November 11, 2007
Canadian Health Network Wellocities Raises $1M Seed
Toronto-based Wellocities has raised $1M in seed funding from XDL Ventures, having been incubated by the firm. Wellocities is nothing if not focused. It has launched a network for Canadians with chronic health conditions.
The more we see of these hyper-niche social networks, the more we are convinced that these cannot be break-out businesses. We could create a network on Ning within an hour for Canadians with chronic health conditions for free and it would have more functionality than Wellocities has. So how are they going to set themselves apart?
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