Tagged Inc. Secures $5 Million in Venture Debt

Company's Steady Growth and Profitability Impresses Horizon Technology Finance
and Leader Ventures

SAN FRANCISCO, Dec. 17 /PRNewswire/ -- Tagged Inc. announced today the
company 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 of its social
discovery site Tagged.com.
"We have been very impressed with the management team at Tagged and we are
excited to support their growth," stated Jim Parsons, SVP and Managing
Director of Horizon Technology Finance. "The team has a proven track record of
building profitable online businesses. Tagged has a dedicated user base and is
successfully converting that base into predictable revenue. We are confident
that Tagged will continue to distance itself from the competition with its
unique social network platform."
"Tagged is successfully navigating the social networking frontier and is
capitalizing on new models evolving around user engagement and advertising,"
commented Renee Baker, Managing Director at Leader Ventures. "The team's
smart management and attention to detail has earned them an aggregate audience
of millions in a competitive environment."
"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. "Horizon Technology Finance and Leader Ventures
are ideal partners for us as we scale revenues and profits in the coming year.
The fact that we've been able to raise venture debt during the current credit
crisis underscores the amazing progress our team has made, as well as the
tremendous opportunity that lies ahead."
About Tagged
Tagged.com 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.
For more information visit Tagged at http://www.tagged.com or contact the
organization at business@tagged.com.
About Horizon Technology Finance
Horizon Technology Finance Management LLC is a privately-held independent
venture debt finance company that provides senior and subordinated venture
debt financing solutions to venture capital-backed technology and life science
companies through its affiliated investment finance company Compass Horizon
Funding Company LLC. The Horizon team has provided over $2 billion in
financing to more than 750 venture capital-backed technology and life science
companies over a span of 20 years. Horizon has offices in Farmington, CT and
the San Francisco, CA area.
For more information, please visit http://www.horizontechfinance.com.
About Leader Ventures
Leader Ventures is a private investment firm providing blended debt and
equity financing to a diversified portfolio of private and public companies.
With offices in San Francisco and Menlo Park, the firm invests primarily in
the US and employs a variety of loan plus equity structures to invest in
companies at different developmental stages across a variety of industry
segments. For more information please visit http://www.leaderventures.com.
SOURCE Tagged Inc.

Louis Willacy of Tagged Inc., +1-415-946-1856, business@tagged.com