Tech Company Financing Transactions

hi5 Networks Funding Round

On 7/13/2010, hi5 Networks landed $14 million in Series B funding from Crosslink Capital and Mohr Davidow Ventures.

Transaction Overview

Company Name
Announced On
Transaction Type
Venture Equity
Series B

Crosslink Capital (Lead Investor) (James Feuille)

Mohr Davidow Ventures

Proceeds Purpose
The new funding will accelerate hi5's expansion into social gaming and virtual goods.

Company Information

Company Status
Acquired or Merged
Internet & IoT
Mailing Address
55 Second Street 400
San Francisco, CA 94105
Email Address
While on hi5, members discover friends, artists, and content. hi5 provides a platform for established artists, underground talent, and everyday people to all gain prominence amongst a worldwide audience. Our members voice their opinions and increase the significance of an artist, a person, or a piece of content.
hi5 Networks LinkedIn Company Profile
Social Media
hi5 Networks Company Twitter Account
Company News
hi5 Networks News
hi5 Networks on Facebook
hi5 Networks on YouTube

Management Team

Email & Social
Chief Executive Officer
William Grossman
  William Grossman LinkedIn Profile  William Grossman Twitter Account  William Grossman News  William Grossman on Facebook
Chief Technical Officer
Alex John
  Alex John LinkedIn Profile  Alex John Twitter Account  Alex John News  Alex John on Facebook
VP - Bus. Development
Karthik Kongovi
  Karthik Kongovi LinkedIn Profile  Karthik Kongovi Twitter Account  Karthik Kongovi News  Karthik Kongovi on Facebook
VP - Operations
Dan Peterson
  Dan Peterson LinkedIn Profile  Dan Peterson Twitter Account  Dan Peterson News  Dan Peterson on Facebook
VP - Operations
John Szeder
  John Szeder LinkedIn Profile  John Szeder Twitter Account  John Szeder News  John Szeder on Facebook
VP - Product Management
David Selle
  David Selle LinkedIn Profile  David Selle Twitter Account  David Selle News  David Selle on Facebook



Browse more venture capital transactions:

Prev: 7/12/2010: iLevel Solutions venture capital transaction
Next: 7/13/2010: Moxsie venture capital transaction


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We do our best to report on all VC transactions involving tech companies. VC investment data records on this site are derived from news reports and company announcements. The data is sourced from, an affiliated venture.


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