Kiwibox Secures $1M Investment
ADOTAS – Teen social network and online magazine Kiwibox has secured $1 million in funding from a private investor base. The money will go toward marketing strategies, the company said.
Kiwibox, the primary business unit of Magnitude Information Systems, released Kiwibox 2.0 six weeks ago and reports an increase in daily new member registration of more than 75% in September alone.
“The launch of Kiwibox 2.0, including enhanced profiles, daily entertainment news, revamped game section, and exclusive video content featuring teen VJs, has attracted an influx of new members,” said Lin Dai, CEO of Kiwibox. “Teens and their friends are driven to the site because of the new features and the ability to connect through content in ways that aren’t available on other social networks. We expect our community to continue this impressive growth as more teens realize the promise of the Kiwibox platform, letting them truly express themselves in a variety of ways.”
Since its founding in 1999, Kiwibox has set out to become the premier online distribution and marketing channel, connecting advertisers with the highly sought after teen audience, in a controlled and interactive environment.
Reader Comments.
- Pingback from Kiwibox In The Press » Blog Archive » Kiwibox Secures $1 Million Investment - by Kathleen Wilcox, ADOTAS
Leave a Comment
Article Sponsor
More News
-
Loading ...
Latest News
- Hulu’s Bringing Its “A” Game But… March 19th 2010 ADOTAS – Hulu’s sales team is actively subverting the ad [...] more »
- Yelp! A class-action suit? March 19th 2010 ADOTAS – One of three civil suits against Yelp filed [...] more »
- Viacom Accuses Google; Testing Digital Millennium Copyright Act March 19th 2010 Viacom has accused Google of turning a blind eye to [...] more »
- Google to Leave China April 10th? March 19th 2010 ADOTAS – According to the China Business News, Google Inc [...] more »
- [x+1] Creates The Smartest Tagging System Around March 18th 2010 ADOTAS – Today, if you happen to be at the [...] more »
- IAB’s Video Standards Tackled By ADTECH March 18th 2010 ADOTAS – ADTECH, a part of AOL Advertising and an [...] more »
- Google Search and Mobile and….TV? Oh My! March 18th 2010 ADOTAS – Google wants to dominate your screens…. Not just [...] more »
Features
- Growing Pains March 19th 2010
- For Better or For Worse? March 18th 2010
- Yahoo! Wants to Get More Personal March 17th 2010
- Creative Considerations for the iPad March 16th 2010
- Amazon Leaves Colorado Affiliates Out in the Cold March 12th 2010
Spotlight
AdBidCentral’s CEO, Vivek Veeraraghavan Talks Openly*What was the inspiration to start AdBidCentral? The conditions that inspired AdBidCentral came from a variety of factors in my personal [...] more...
Reader Favorites
Classifieds
- ATT Senior Product Marketing Manager- Atlanta, GA
- Lead Online Marketing Manager eCommerce
- ATT Senior Marketing Manager, Healthcare, Bedminis
- Communications Fellow
- Sr Director, Marketing Services
Recent Comments
- Abby: Hi, It's great and useful stuff for affiliate marketing here, thanks for sharing. I also
- Durk Price: This is one early adoption I would do!
- Rolv Heggenhougen: Companies invest a great deal in their website which in many cases is their only
- docreiss: I find it interesting that the author ("Bob") indicates the reader may have the "patients"