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Article: Facebook Secures $25M Investment; Greylock Partners Leads Investment to Support Facebook's Continued Growth.
- Article from:
- Business Wire
- Article date:
- April 19, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PALO ALTO, Calif. -- Facebook, a social directory that enables people to share information, announced today that it has secured $25 million in funding. Greylock Partners led the financing while Meritech Capital Partners and Facebook's existing investors Accel Partners and Peter Thiel also participated.
Facebook's website has grown to over 7 million people and, according to comScore, ranks as the 7th most trafficked site on the web. Facebook will use the funding to develop new features to enable people to easily share information in a trusted environment. People with a valid email address from a supported college or high school can register for Facebook and create ...