Film-Focused Social Networking Site Raises Millions

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Although not officially announced, Flixster, an online social network for movie fans, has raised nearly $2 million within a round of venture capital from LightSpeed Ventures, TechCrunch reports.

On the site, members get to discuss movies, rate them and more. Based in San Francisco, the website accounts for more than 1 million users and 31 million viewed pages since December of 2006.

TechCrunch adds that several firms faced competition within the first round of financing, including Sequoia Capital and Kleiner Perkins. Hollywood studios were also rumored to have an interest in acquiring or investing in the company.

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