SocialMedia Receives $1 Million for Network of Facebook Applications

  • Posted By:
  • 0 Comments... What do you have to say?

SocialMedia Receives $1 Million for Network of Facebook Applications
August 16, 2007

SocialMedia raised $1 Million from Charles River Ventures, SoftTech VC and HitForge.

What does SocialMedia do?

SocialMedia is a hosted platform for applications and a resulting advertising network.

VCU says:

SocialMedia provides a hosted platform for applications. The creator of the application does not need to worry about scaling their hardware infrastructure if their application becomes well received quickly and takes of virally. SocialMedia worries about the bandwidth.

Each new application hosted on the SocialMedia platform helps to increase their reach as they aggregate the applications into an advertising network. Advertisers can then advertise across the network of applications and the creators of the applications receive revenue from the sale.

A note about the term applications, on the SocialMedia site they refer to their platform hosting applications however most may call them widgets.

See the SocialMedia website.




Read more about Charles River Ventures here

Read more about SoftTech VC here

Read more about HitForge here

See an Error? Contact Us

What do you think? Join the discussion...

You must be logged in to post a comment.

venture capital update google plus page Get updates on Google Plus
venture capital update on facebook Get updates on Facebook
venture capital update on twitter Follow fundings on Twitter
venture capital update on pinterest Visit our Pinterest Page

Subscribe here
TwitterCounter for @longest

Follow here

Venture Capital News


Site Information

    About: I work at Phase One Accelerators and you can find me on and at Brian Longest on LinkedIn.

    Share Us on