Multiply

Multiply Lands $16.6 Million Series B

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Social network Multiply has taken $16.6 million in Series B funding. The round was led by VantagePoint Venture Partners with Point Judith Capital and Transcosmos Investments also participating.

As part of the deal ex-Chairman of Intermix Media (the original owners of MySpace) David Scott Carlick will join Multiply’s board.

Multiply previously took $6million Series A in July 2006.

Multiply is one of the older social networking sites (it launched in 2003) and has flown under the radar while first MySpace, then Facebook soared; we last covered the site in November 06. Whilst getting little attention Multiply has continued to grow, and at least according to Alexa is now more popular than Bebo, although lower than Orkut or Hi5. Like many of its competitors it appears to have carved out a strong presence outside of the United States, ranking in the top 10 sites visited by internet users in the Philippines (5) and Indonesia (9); 39% of the sites traffic comes from the Philippines.

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