BranchOut, a professional networking application on Facebook, has closed $25m in Series C financing.
The round was led by Mayfield Fund, with participation from previous investors Accel, Norwest Venture Partners and Redpoint Ventures.
This financing, which brings BranchOut’s total funding to $49m, will allow the company to expand its San Francisco-based team of 45 people (http://business.branchout.com/about-jobs).
Led by Founder and CEO Rick Marini, BranchOut is a professional network that enable all workers to create secure professional profiles on the Facebook Platform. Accessible via Android smartphones, Apple iOS devices, the service has just surpassed 25m registered users.
In conjunction with the funding, Tim Chang, a managing director at Mayfield Fund, has joined BranchOut’s Board of Directors, which also includes Marini, Kevin Efrusy from Accel Partners, Geoff Yang of Redpoint Ventures, and Co-founder of Ooga Labs, Stan Chudnovsky.
FinSMEs
19/04/2012
