streetlife.com, a London, UK-based local social network, raised £600k in funding.
Backers included existing shareholders Archant Digital Ventures, and new investors Shohet & Cie S.A.
The company intends to use funds to launch the service in new areas of the UK, introducing the brand on a county-by-county basis. It aims to raise a further £3m before the end of 2013.
Led by Matt Boyes, Founder and CEO, streetlife.com provides a platform for people to connect and share with their neighbours and to foster stronger communities. Main uses of the site include discussing nearby news, crime, planning proposals and public services; finding locals with common interests, organizing and attending social groups and events; sharing skills and belonging with neighbours, from hedge-trimmers to spreadsheet skills; recommending and discovering local businesses and tradespeople promoting; campaigning and volunteering for community projects and local causes.
The site is currently used by 100,000 users in more than 500 communities.
Other investors in the company include Paul Ettinger (Caffè Nero), Steve Pankhurst, founder of Friends Reunited, and Gi Fernando and Ankur Shah, co-founders of Techlightenment.
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