Social Networking Site Hi5 Takes $20 million

San Francisco based social networking site Hi5 has raised $20 million in a new round of funding led by Mohr Davidow Ventures.

Hi5 doesn’t get a lot of coverage (we last covered it in January), however whilst Facebook has been getting all the press, Hi5 has become a global success story.

According to Alexa, Hi5 is now ranked as the 11th most popular site online above Facebook at 13th. If you’ve never heard of the site though, there is a reason; most of Hi5’s traffic doesn’t come from the United States. Hi5 is the No. 1 ranking site online in Portugal, Ecuador, Costa Rica, El Salvador and Guatemala, and ranks at No 2 in Jamaica, Honduras and The Dominican Republic. 16.2% of visitors to Hi5 come from Peru and 7.7% from Portugal, by comparison visitors to Hi5 from the Unites States make up only 2% of the sites traffic.

As of December 2006, Hi5 claimed to have 50 million registered users.

(via Gigaom)