Social Network Company Hi5 Raises $14 Million

Posted Jul 14, 2010

Social networking company Hi5 has raised $14 million in a second round of funding. Hi5 plans to use the funding to expand their social gaming platform and increase virtual goods. Hi5 started making free games, but virtual decorations require real money. This round of funding was provided by Crosslink Capital and Mohr Davidow. [VentureBeat]