Tech Company Financing Transactions

Friendster Funding Round

Friendster closed a $10 million financing round on 8/22/2006. Investors included DAG Ventures, Benchmark Capital and Kleiner Perkins Caufield & Byers.

Transaction Overview

Company Name
Announced On
8/22/2006
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Undisclosed
Proceeds Purpose
The funds will be put to use to increase the reliability and speed of the Friendster site; problems in those areas had contributed to a defection of users.

Company Information

Company Status
Acquired or Merged
Industry
Internet & IoT
Mailing Address
800 W El Camino Real 170
Mountain View, CA 94040
USA
Phone
Undisclosed
Email Address
Overview
With more than 31 million members, Friendster is the best way to stay in touch with your friends and it's the fastest way to discover the people and things that matter to you most.
Profile
Friendster LinkedIn Company Profile
Social Media
Friendster Company Twitter Account
Company News
Friendster News
Facebook
Friendster on Facebook
YouTube
Friendster on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Richard Kimber
  Richard Kimber LinkedIn Profile  Richard Kimber Twitter Account  Richard Kimber News  Richard Kimber on Facebook
Chief Financial Officer
Nimesh Shah
  Nimesh Shah LinkedIn Profile  Nimesh Shah Twitter Account  Nimesh Shah News  Nimesh Shah on Facebook
Vice President
Ben Dunn
  Ben Dunn LinkedIn Profile  Ben Dunn Twitter Account  Ben Dunn News  Ben Dunn on Facebook
VP - Bus. Development
Aaron Barnes
  Aaron Barnes LinkedIn Profile  Aaron Barnes Twitter Account  Aaron Barnes News  Aaron Barnes on Facebook
VP - Marketing
David Jones
  David Jones LinkedIn Profile  David Jones Twitter Account  David Jones News  David Jones on Facebook
VP - Operations
Karin Visnick
  Karin Visnick LinkedIn Profile  Karin Visnick Twitter Account  Karin Visnick News  Karin Visnick on Facebook
VP - Product Management
Andy Spillane
  Andy Spillane LinkedIn Profile  Andy Spillane Twitter Account  Andy Spillane News  Andy Spillane on Facebook


 

 

Browse more venture capital transactions:

Prev: 8/22/2006: Octagon Research Solutions venture capital transaction
Next: 8/23/2006: Tizor venture capital transaction

 

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About Our VC Transactions Data

We do our best to report on every notable VC transaction. VC investment data records reported here are derived from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.

 


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