About Company:
myYearbook.com is the third largest social network in the United States, according to Hitwise, a competitive intelligence service. myYearbook has grown from a single high school to more than 10 million unique visitors and 2 billion page views per month. The average myYearbook member visits the site eight times per month and spends 30 minutes per visit, making myYearbook one of the most engaging social media destinations on the Internet.
How Much They Got From VCs:
myYearbook.com, one of the most popular social media destinations on the Internet, announced today that it has secured a $13 million Series B investment by Norwest Venture Partners (NVP) with participation from existing investors, US Venture Partners and First Round Capital. myYearbook will use the funds to develop new services for its members and continue to drive revenue. Sergio Monsalve from Norwest Venture Partners will join the Board of Directors.
According to Comscore’s June report, myYearbook is now the leading online community for teens as measured by time spent and visits. myYearbook is also the fastest growing US social networking site and is the third largest in the US, according to Hitwise. The company has raised $18.6 million to date.
More at:www.myYearbook.com
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