# hi5 Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hi5-networks

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.hi5networks.com
- Total disclosed funding: $33M
- Latest round: Series C (Jul 14, 2010)
- Investors on record: 2

## About

hi5 Networks Inc. operates as a social networking platform that connects users seeking to meet new people, fostering relationships and community through interactive features.Founded in 2003, hi5 Networks Inc. is headquartered in San Francisco, US. The company provides a social networking platform designed to connect users for friendships and romantic relationships. In December 2011, Tagged Inc. acquired hi5. Ingo Fängmer is the founder of hi5, who has a history of founding other ventures. The company has raised a total amount of USD 13.260 mn through various funding rounds, with its most recent funding being a Series C round led by Crosslink Capital on 14 December 2011, which comprised the total amount raised.hi5 operates as a social networking platform primarily focused on facilitating connections among users who seek to meet new people. The platform enables users to create personalized profiles, engage in messaging, and discover potential friends or partners through various interactive features. Targeting individuals seeking friendships and romantic relationships, hi5 serves a diverse user base across North America, Europe, and parts of Asia. Initially launched in the early 2000s, the platform has evolved to include mobile accessibility, catering to younger demographics who prefer mobile-first solutions.hi5's revenue model predominantly revolves around advertising and premium memberships, which offer additional features for a fee. While basic functionalities can be accessed for free, users can subscribe to premium services that unlock enhanced capabilities such as advanced search filters and an ad-free experience. Revenue is generated through B2C transactions, where users upgrade to premium memberships or engage with advertisements. Additionally, advertising revenue is complemented by partnerships with brands targeting the platform's user base, resulting in a multifaceted revenue stream that supports ongoing development and maintenance.Following the acquisition by Tagged Inc. in December 2011, hi5 intends to focus its future growth strategy on enhancing its product offerings and expanding into new markets. Plans include launching new interactive features and functionalities designed to improve user engagement, although specific release dates are not mentioned. The company is also looking to expand its reach within North America and into additional markets in Europe and Asia. Funding from the Series C round will be utilized to support these initiatives and bolster the platform's capabilities.

## Funding rounds

- Series C, Jul 14, 2010, $13M — Mohr Davidow Ventures, Crosslink Capital
- Series B, Jul 24, 2007, $20M — Mohr Davidow Ventures

## Investors

- Mohr Davidow Ventures (https://capitalatlas.ai/funds/mohr-davidow-ventures) — Series B, Series C
- Crosslink Capital (https://capitalatlas.ai/funds/crosslink-capital) — Series C