Online Social Network Start-up Wallop Raises $10 Million
San Diego - Wallop, a new online social network, on Tuesday announced its launch at the DEMOfall '06 conference in San Diego. The company, which was spun off from a Microsoft research project, also announced that it has raised $10 million in its second round of venture capital financing. Norwest Venture Partners led the investment round; previous investors Bay Partners and Consor Capital also participated. Wallop will not feature any advertisements, but instead plans to sell "mods" that allow members of the invitation-only network to add interactive graphics and personalization to their profile pages.
http://biz.yahoo.com/prnews/060926/nytu060.html?.v=67
http://www.demo.com
http://www.wallop.com
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