Hi5 and Tagged Receive Moola!
Word about social network Hi5’s $20 million financing leaked earlier today. But that isn’t it for social networking funding news. We hear it from a good source, but without confirmation by the company, that Tagged has raised its own $15 million round, on a $102 million pre-money valuation.
We do not know who made the investment. This is Tagged’s third round of financing. They previously raised two rounds - $1.5 from angel investors in September 2005, and $7 million from Mayfield three months later.
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