San Francisco – Viadeo, a France-based professional social network with over 45 million members, said on Thursday it has raised $32 million in a new round of funding.
The company, which has U.S. headquarters in San Francisco, said it received investments from the French Sovereign Wealth Fund, the Fonds Strategique d’Investissement, previous backers Idinvest and Ventech and a pool of new investors including Allianz, Jefferies and Middle Eastern private funds.
The company will use the proceeds to accelerate its growth in Europe and China, as well as other key emerging markets like Latin America, Russia, India and Africa.
Viadeo, which focuses on non-English speaking markets, is the world’s No. 2 professional social network behind LinkedIn.
“We’re a global society where critical business connections span multiple languages, geographies and cultures,” said CEO Dan Serfaty. “We have always been laser-focused on our ‘multi-local’ approach, which goes beyond simple translation and focuses on catering to, and understanding the business and cultural needs of each market.”
This article was also published in Bay Area Tech Wire.
Viadeo – official site
Viadeo – press release
Photo by Flickr user AMagill, used under Creative Commons license