Web 2.0 News

LinkedIn Competitor Viadeo Raises €5 Million
Viadeo, a European social network for business contacts which is quite similar in idea and execution to LinkedIn, has raised a further €5 million in funding from its existing investors, AGF Private Equity and Ventech. The extra cash will be used to fuel the growth of Viadeo in Asia; so far, the network has been doing very well in Europe, with over 1.3 million members.

Source: http://mashable.com/2007/08/31/viadeo/