The ‘French LinkedIn’ business social network Viadeo has landed a Series D $32 million funding round split between the French Sovereign Fund, Allianz, Jefferies, Middle Eastern Funds and existing investors.
The new investment will apparently allow Viadeo to accelerate its growth in Europe and China with Tianji its local brand, as well as other key emerging markets. Continue reading
While LinkedIn sits comfortably on its pile of money after this year’s IPO, other companies in the space are challenging its hegemony by targeting markets where LinkedIn is weak.
One such company is Viadeo, sometimes referred to as the ‘French LinkedIn’. It announced at today’s TechCrunch Disrupt in Beijing that it now has 40 million members, and expanding in China after acquiring leading Chinese professional social network Tianji in 2009. Continue reading