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Flock Flies Off With $15M Financing Round

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May 22, 2008 

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Kathleen  |

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Flock Flies Off With $15M Financing Round

ADOTAS – Social networking browser Flock just got a $15 million injection in a round of Series D financing. The round was led by Fidelity Ventures; previous funders Bessemer Venture Partners, Catamount Ventures and Shasta Ventures also participated.

This funding round brings its total to about $28 million (raised over three years). Flock will use the money to grow its research/development business and market itself globally. The company cites stats from Datamonitor, which reports that there are more than 230 million members of social networks around the world with revenues projected to reach $2.4 billion by 2012.

Flock’s user base has increased by more than 250% and its revenue has grown by more than 400% since January of 2008.

Tags: finance, funding, interactive-advertising-study, internet-markeing-advertising, revenue, social-network-marketing and social-networks

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