Apr 29, 2007

Facebox Becomes Netlog; Raises €5M





Netlog, previously known as Facebox, is relaunching (again) under their latest new brand name, with €5 million ($6.8M) in their pocket from a round of funding backed by Index Ventures.
Netlog has an extensive, and confusing, history. Feel free to delve deeper into their story here. Netlog has created a network of interactive communities that span Europe in nine different countries, all operating in their respective languages from English to Dutch to Portuguese. The funding from Index Ventures, who has also funded Last.fm, eBay and Skype, will allow Netlog to continue their expansion, entering more countries in more languages, and also build up their commercial operations. Their network community offers a broad reaching opportunity for advertisers, and Netlog also earns revenue from users that purchase credits to increase the alloted space for their content.
Other global social networks include MySpace, Facebook, and YouTube . As far as enabling users to communicate with each other, irrespective of language barriers, proves a unique challenge, but one that has seemingly brought success for Netlog.
From: mashable

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