Social Networking - Friday, September 5, 2008
White Label Facebook App Maker LolApps Raises $4.5M
Still in stealth mode, San Francisco-based LolApps has closed $4.5M from Polaris Ventures says PeHub.
LolApps has done the inevitable to Facebook apps by creating white label versions of popular apps. Its first two products out the gate are a white label gift maker and a survey tool. We understand that the startup is already profitable (based on ad revenue) and has 20M users.
LolApps' chairman is Ariel Polar who is involved with more startups that we can keep tracking from including TextMarks, Speeddate, and StumbleUpon.
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