Ambient Sound Buys Stake, Provides First Round Funding To Frenzoo

Fashion-focused 3D social net Frenzoo is selling a minority stake to Ambient Sound Investments, a firm that has backing from four founding engineers of Skype, as part of a first round funding. The amount was undisclosed. Hong Kong-based Frenzoo targets teens and young adults in Asia and lets them personalize their own virtual 3D characters, and mix-and-match a variety of branded clothes, footwear, accessories, furniture and lifestyle items. ASI hopes to use the site to expand its reach into Asia. Frenzoo is currently in beta and plans to officially launch in the latter half of the year. Release

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