Facebook Secures $25M

  • April 20, 2006
Campus social networking site Facebook.com has secured $25 million in funding in a financing round led by Greylock Partners, the site announced Wednesday. Also participating in the funding round were Meritech Capital Partners, as well as current Facebook investors Accel Partners and Peter Thiel. The funding will be used to develop user-generated content sharing features for the popular community Web site.

--Shankar Gupta

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