SocialVibe Raises $8M to Help Others Raise Money

SocialVibe, a network that helps others raise money for various brands and charities, has raised some money for itself. The company has just closed an $8 million Series B round of financing led by JAFCO Ventures, with first round investor Redpoint Ventures contributing a large portion of this current round as well.

As a monetization platform, SocialVibe provides the destination and distribution tools needed to leverage the social media space for the purpose of promoting a cause and raising contributions for a given charity or brand.