San Francisco -- Tagged, a San Francisco-based online social network launched in 2004, said onthat it has raised $5 million in a new round of venture debt, led by Horizon Technology Finance and Leader Ventures. The company said that it will use the proceeds to expand services and features on its site. Tagged.com now claims over 70 million registered users for its youth-targeted "social discovery network," which offers profile creation, widget embedding, integrated video and chat. "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, the co-founder and CEO at Tagged.
http://www.tagged.com
http://biz.yahoo.com/prnews/081217/aqw505.html?.v=26
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