Tween Community Site Starnet Gets $2.7 Million First Round Funding

StarNet Interactive, a Tel Aviv, Israel-based tween community site, has received $2.7 million in its first round of funding. The round was led by Leo Capital Holdings. The company was recently spun-off parent company Gteko, which was earlier this year acquired by Microsoft. Joining Leo in the round was Cathy Glazer, CEO and Founder, and other former shareholders of Gteko.
StarNet owns and operates the KiddoNet and GirlSense websites, both of them primarily focused on the U.S. market. The combined sites have about 900K monthly unique visitors and over 10 million registered members, the company said.
Some more details in the release here.