Online 2 Offline socialising network, Citysocialising has secured £1m in funding to invest in the expansion and development of the business from PROfounders capital. The funding will be used for product and mobile development and expansion as well as recruitment of key Executives including Marketing and Business Development Director and Product Manager.
Michael Birch, co-founder of Bebo, commented “It’s exciting to see CitySocialising operating in a unique way within the Online2Offline space by successfully combining online social networking with genuine relationship-building in the real world around events. They’ve made great progress so far in organically developing a loyal and mobilised community and I’m looking forward to working closely with them to innovate further and realise the full potential of this space.”
PROfounders is backed by some of the UK’s most successful tech entrepreneurs, including Brent Hoberman and Michael Birch. The firm has a focus on the next generation of online businesses with previous investments including Made.com, TweetDeck and Keynoir.