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Kid Social-Net Everloop Nabs $3.1M, Key Execs

Aspiring to be the Facebook for the 13-and-under crowd, Everloop just secured $3.1 million in funding. "Everloop combines music, social games, videos, photos, animation, user-generated content and other experiences," TechCrunch explains. More to the point, the site offers a "private" environment, where parents can actually monitor the day-to-day activities of their kids.

Indeed, "The start-up prides itself on a high-level of security within the network, so parents can constantly monitor their child's interactions on the site for foul language, bullying, inappropriate pictures and more," notes TechCrunch.

As TechCrunch also points out, Everloop faces competition from Togetherville, which was only recently acquired by Disney. To fight the good fight, Everloop is also adding Disney executive Sandy Barger as its new Chief Marketing Officer, along with AOL's Tobin Trevarthen as EVP of Business Development, and Alan Goodman as Creative Advisor. According to TechCrunch, Investors include vFormation, Band of Angels, Envoi Ventures, Richard Chino, Wayne Goodrich, and Deena Burnett-Bailey.

Read the whole story at TechCrunch »

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