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NEW YORK Teen social network Tagged said it has raised $7 million in financing as it attempts to muscle into MySpace’s audience of 13-19 year olds.
The social network’s financing was led by the Mayfield Fund, which has also invested in Web search engine Snap and wiki software company JotSpot. The company plans to use the funding for further expansion of its technology infrastructure.
The San Francisco-based social network lets teens create their own Web pages and exchange “tags,” or icons representing some form of self-expression.
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