Buzznet Secures $6 Million in Funding
5/25/07 – Buzznet, a Hollywood-based social media network, today announced it has closed a $6 million round of financing led by Redpoint Ventures and Anthem Venture Partners.
Buzznet, founded in 2005, says it now counts more than 6 million users and claims the fastest growing social networking audience, according to market research firm Hitwise.
Initially focused on music, Buzznet says it distinguishes itself by offering unique tools and versatility that enable web users to program, participate, interact and create multimedia communities.
The company says it is also focused on attracting musicians and other celebrities to create and grow their own active online communities where they can personally interact with their fans.
Buzznet – www.buzznet.com
