, Inc. Raises $2.4 Million Series B Funding Round

Wed Feb 25, 2009 9:46am EST

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Funding growth of leading social network for families

PROVO, Utah, Feb. 25 /PRNewswire/ -- recently raised $2.85
million in Series B funding as social networking services continue to grow
even during difficult economic times. raised its initial round
of funding of $1.25 million in August 2007.

Several Series A investors joined the Series B funding round, including
vSpring Capital and TTP Capital Advisors of Japan. Several other angel
investors joined in the B round. is the developer of "We're Related," one of the most popular
applications on Facebook. We're Related is used by nearly a million people
every day. The company's flagship social networking site will launch later
this quarter at

"Social networking with family and friends is growing faster than any other
online activity," said CEO Paul B. Allen. "Research shows that protecting the
family is the top human value in most nations. Technology enables families to
keep in touch despite distance, and we think this desire to stay in touch will
only deepen in hard economic times." turned profitable in late 2008 as it was finalizing its
fund-raising efforts. The company employs 30 people in the U.S., including in
Seattle, WA, Boulder, CO, and its headquarters in Provo, Utah, and has
development offices in India and the Philippines.

The company's goal is to become the global leader in family social networking
on all social networks and mobile platforms. The, Inc. network
of sites became one of the Top 500 Web companies in the world in December
2008, based on Quantcast statistics. Currently the network ranks at #165 based
on total monthly unique visitors, making the company one of the fastest
growing web properties in the world.

View Quantcast ranking and traffic estimates for

Unlike other social networks, FamilyLink uses family trees and genealogy as a
key ingredient in creating engagement in its social networking experience for
families. The company owns, a popular genealogy
subscription site, and later this year will introduce its flagship genealogy
web site, 

"We think GenSeek will become the world's largest gateway to family history
content," explained Steve Nickle, President. "Combined with our family social
networks, it will make it easier than ever before for family members to
explore and share their heritage with all of their relatives. Our historic
partnership with FamilySearch Catalog will enable us to launch
with links to millions of the world's most valuable genealogy sources." 

About, Inc., Inc. is the leading social networking company for families
globally. It was formed in 2006 by original founding executives of and The company operates several genealogy web
sites and has popular applications on Facebook, MySpace, Bebo, Hi5, and
Friendster. The company's We're Related application is currently the third
most popular application on Facebook and has helped users define more than 150
million family relationships., Inc. also operates the AdMazing
ad network that represents more than 200 million monthly impressions on high
traffic family history and heritage sites. Genealogy partners include Everton,
brightsolid, Statute of Liberty-Ellis Island Foundation, Genealogical
Publishing Company,, Godfrey Memorial Library, and


Whitney Ransom McGowan, Corporate Communications Director of,
Inc., 1-801-377-0588,,
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