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CitySocialising Raises £1 Million In Series A Round Led By PROfounders Capital

December 7th, 2010 12:41 admin Leave a comment Go to comments

CitySocialising, the subscription-based social network that lets members find local and likeminded people to socialise with in the real world, has secured £1m in a Series A round led by PROfounders Capital, the European VC fund backed by the likes of Brent Hoberman and Michael Birch.

PROfounders’ previous investments include Made.com, TweetDeck and Keynoir, while CitySocialising’s original early-stage funding in March 2009 was provided by the London Business Angels network. The new investment will be used for product development and expansion, including mobile, along with recruitment of “key Executives” including Marketing and Business Development Director and Product Manager.

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Source: CitySocialising Raises £1 Million In Series A Round Led By PROfounders Capital

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