myYearbook Gets Signed $13 Million From Norwest Venture Partners, U.S. Venture Partners, and First Round Capital
“When looking at investment opportunities in the consumer internet sector, we found myYearbook offered the most attractive and engaging value proposition for both members and advertisers alike,” stated stated Sergio Monsalve, partner at Norwest Venture Partners. “The company has created a service that is highly valued by its members and a platform for marketers to reach and engage this audience in a friendly and effective way.”
myYearbook.com has raised $13 million Series B from U.S. Venture Partners, First Round Capital, and Norwest Venture Partners. myYearBook plans on using the money to provide additional services to members and focus on building revenue. Brother and sister teenage entrepreneurs, Dave and Catherine Cook started myYearbook in 2005.
myYearbook receives about 10 million monthly unique visits per month. So far, myYearbook has raised about $18.6 million. Sergio Monsalve will be joining myYearbook.com’s Board of Directors through this round of funding.
“We are excited to have NVP and Sergio on board as we enter this next phase of our growth,” stated Geoff Cook, CEO of myYearbook. “We are focused on creating new, innovative services that will offer long-lasting value to both advertisers and our members. NVP’s track record of success and Sergio’s deep operational experience from brand name companies like Photobucket and eBay will be invaluable to our team.”@amitchowdhry or on Google+ at +AmitChowdhry