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Mobile social network aka-aki raises 'several millions of euros' in funding

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Berlin-based aka-aki, which offers a location-based social network for mobiles, has raised additional funding. The amount of this second round of financing was not disclosed, although the company did say it was ‘several millions of euros’.

Investors were Creathor Venture and Innovacom.

Aka-aki has been running its mobile social networking service for about two years now and says its community is growing much faster than anticipated. Aka-aki’s Roman Hänsler tells me the user base is currently 350,000 users strong and located around the world. The company started generating revenue only last August, mainly through advertising.

With the extra capital, the startup aims to take its service beyond German borders and start building a solid international presence. Needless to say, they’ll be facing a lot of competition wherever they go.

Aka-aki first raised money from incubator Founders Link and two unnamed private business angels. After that, it secured a ‘seven-digit amount in euros’ from Creathor in July 2008. According to the press release, the original team of 8 founders in aggregate remains the largest shareholder of the company even after this round.

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