Virtual social network IMVU raises $35M from China's NetEase and others – TechCrunch
Virtual social network IMVU raises $35M from China’s NetEase and others The line between social networking and gaming is increasingly blurring, and internet incumbents are taking notice. NetEase, the second-largest gaming company in China (behind Tencent), is among a group of investors who just backed IMVU, an avatar-focused social network operating out of California. Menlo Park-based Structural Capital among other institutions that also joined in the strategic round totaling $35 million. IMVU has raised more than $77 million from five rounds since it was co-founded by “The Lean Startup...
Source: techcrunch.com