Hi5 Raises $14 Million Round, Continues with Social Gaming, Virtual Goods Plans
Over the course of 2009, social network Hi5 transitioned from being a plain-vanilla social network with a very international audience to being a social gaming destination site, of sorts. This year, aside from some verbal fireworks courtesy of new chief technology officer Alex St. John, a small acquisition, and the launch of an upgraded developer program, the company has been quiet.
It’s not talking about results from its strategy shift, but it is announcing a second round of $14 million in funding led by Crosslink Capital, with previous investor Mohr Davidow participating.
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