Teen Social Network myYearbook Raises $13 Million Round

These social network fundings, they keep coming, downturn or not. Teen-focused social network myYearbook, based in New Hope, PA, has received a biggish $13 million in its second round of funding.

The round was led by Norwest Venture Partners with participation from existing investors, US Venture Partners and First Round Capital. The company has raised $18.6 million to date.

The site was started in 2005 by 18-year-old Catherine Cook and her brother, 19-year-old Dave, who were 15 and 16 at the time of creation.

The CEO is older brother Geoff, a 28-year-old Harvard grad. The company cites Hitwise data and says it is the third largest in the US. It has more than 10 million unique visitors and 2 billion page views per month. More details in release.

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Published by Reinout te Brake

Reinout is a games investor and strategic business consultant specializing in the games industry. Reinout established his credentials through his own successful investments, start-ups, consulting and (advisory) board positions that led through time to strong bonds with key stakeholders in this fast paced industry. He is known for his outstanding results in the gaming industry. He has worked with many game studios around the globe and is therefore well known in the international gaming industry. Check out his games podcast; https://www.game-consultant.com

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