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Gaia Online raises $11 million |
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Written by Jared Maynard
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Tuesday, 15 July 2008 |
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"Gaia Online, a virtual world targeted at teens, on Monday said it has raised $11 million in a series C round of financing from Institutional Venture Partners.
The round brings its total financing to more than $32 million. Its previous investors include Benchmark Capital, Redpoint Ventures, and Time Warner.
The San Jose, Calif.-based company, founded in 2003, is among the most popular virtual communities for young people online, with reportedly more than 5 million monthly visitors (or 350,000 people who log on daily) who play games, socialize, and buy virtual goods in its marketplace." ~news.cnet.com
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