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Professional Social Network Viadeo Raises $32M

By TechTaffy Desk

[Techtaffy Newsdesk]

Viadeo, a professional social network with over 45 million members worldwide, has completed a fundraising round of $32 million split between the French Sovereign Wealth Fund, the Fonds Strategique d’Investissement, existing institutional shareholders, Idinvest and Ventech, and a pool of new investors including Allianz, Jefferies, the global investment banking firm, and Middle Eastern private funds.

The new investment will allow Viadeo to accelerate its growth in Europe and China with Tianji its local brand, as well as other key emerging markets like Latin America, Russia, India, and Africa, says the network. Viadeo achieved profitability in early September 2009.  Every month Viadeo attracts more than 1,000,000 new members, 10,000,000 new connections are made and over 100 million profiles are viewed, according to the company.

Headquartered in Paris, Viadeo also has offices and teams in the UK (London), US (San Francisco), Spain (Madrid andBarcelona), Italy (Milan),  Russia (Moscow), China (Beijing), India (New Delhi), Mexico (Mexico City) and Senegal (Dakar). The company employs 400 staff worldwide. It comprises the brands Viadeo, ApnaCircle and Tianji.

[Image Courtesy: Viadeo]

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