It has raised $20 million and plucked Richard Kimber, Google’s regional managing director for South Asia, to be its new chief executive.
IDG Ventures led the round, with existing investors Kleiner Perkins, Benchmark Capital, DAG Ventures and Founders Fund participating.
While Friendster is the largest social network in countries like Malaysia, the Philippines, Singapore, Indonesia and other countries, it is — like most of its rivals — still figuring out how to be a big business. Kimber has experience making money for Google in South Asia. It’s not clear if that includes Orkut, Google’s social network that’s popular in India (and Brazil) or other social Google properties.
ComScore stats on Friendster, from June:
22.1 billion page views per month
215 minutes per visitor per month
37.1 million per month, 33 million of which were in Asia
[Photo via ABC.]
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more