Multiply Secures Funding of $16.6 Million

Sep 11, 2007

Multiply, Inc., a social networking company, announced the completion of its Series B round of financing in the amount of $16.6 million. The round is being led by Silicon Valley-based VantagePoint Venture Partners, a company that provides creative growth strategies and capital to other companies, with participation by Point Judith Capital and previous investor Transcosmos Investments. Multiply also announced several board appointments and a new milestone in the growth of its registered user base. The additional capital will be used to extend Multiply’s all-in-one social networking, communications, and digital content-sharing platform.