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Multiply, a social networking and sharing site based in Boca Raton, FL, has received $6 million first round funding. The first round funding comes from Transcosmos Investments, which brings its total to $5 million, with additional $1 million investment coming from company founders.
Funds will be used to accelerate the development of new features and functionality for Multiply’s service as well as to expand the company’s marketing activities and international presence.
Since launching in March 2004, the system has nearly 3 million registered users and recently expanded with a localized version for Japan.