Montreal-based Weblo.com announced that it's secured $3.2 million in VC funding from VantagePoint Venture Partners. VantagePoint managing director Geoff Mott will also join Weblo's Board of Directors.
Weblo's virtual world puts up virtual duplicates of real-world properties, real estate and digital domains for sale. Asset websites within Weblo are member-owned and developed, earning revenue through advertising and property sales.
Weblo says it'll use the new funding for global marketing and continued technology development.
"The Company is addressing a unique opportunity in the rapidly growing
virtual world market by creating the only parallel universe based on the real
world," said Mott. "The Company has already achieved significant momentum and we believe it
will continue to appeal to a wide range of internet users providing them with
an innovative new way to have fun, create value and earn money online," he added.
Comments (1)
I jump in Weblo in september 2006.And let me tell you that money is so easy to make that it seems weird at first but Weblo change a lot,amiliorated a lot,and money keep going in....So I'm a VIP member since the first day,and money keep going in my acount!!!!
Posted by Rick | July 20, 2007 10:35 AM
Posted on July 20, 2007 10:35