$14 Million Round For Hi5, Social Gaming Also Included

Over the past few years, social networking site Hi5 is planning to become a social gaming site. The new chief technology officer Alex St. John is planning to launch an upgraded developer program.

Its not about some new strategies, the announcement was made about second round of $14 million by Crosslink Capital, now have a look at previous investor named Mohr Davidow, took part in it. The amount was $20 million in 2007, which is definitely a good news for company, furthermore $3 million convertible note had been submitted in April. There is a fact involved that Hi5 wanted to get its investors back, who contributed in past.

Moving ahead, the San Francisco company’s are planning to do something new: they are trying to give the best portal to the users for or social gaming and social networking and many things related to it, but they are not the only game in town on the top of the chart Facebook also looking forward for it. So let wait and watch that how much Hi5 can do for the developers.

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