Facebook Secures $25M Investment

Apr 21, 2006

Facebook, a social directory that enables people to share information, has announced that it has secured $25 million in funding. Greylock Partners led the financing while Meritech Capital Partners and Facebook's existing investors Accel Partners and Peter Thiel also participated. Facebook will use the funding to develop new features to enable people to share information. People with a valid email address from a supported college or high school can register for Facebook and create a profile to share information, photos, and interests with their friends.