Social networking startup, Tagged has raised $5 million in venture debt. Led by Horizon Technology Finance and Leader Ventures, the new funding will enable the company to accelerate its growth and expand the services and features.
Tagged is a premier social networking destination with 70+ million registered users and over 2.5 billion page-views per month.
“The additional funds will enable us to continue to support our growing traffic, which has increased by more than 500% this year,” said Greg Tseng, co-founder and CEO at Tagged.
Tagged was launched in 2004 and is a leading social discovery site. The company is located in San Francisco, CA and is backed by Mayfield Fund.