Yatown, a Sunnyvale, CA-based Neighborhood Social Network, has launched and raised an undisclosed amount of funding.
Investors include former and current executives of Yahoo, Salesforce.com, TiE Angels, and others.
Co-founded by CEO Christopher Nguyen and Kevin Lim, Yatow is a local social media solution specifically designed for neighbors to connect and share information where they live. This in contrast with Facebook’s utility in connecting friends spread out globally.
Currently in open beta, the nework has a strong emphasis on trust social responsibility and provides tools to help neighbors raise funds for schools and community organizations, sponsors local community projects with direct grants, as well as donates a portion of revenues to community projects.