Social Network Gets $16.6 Million Funding

Multiply, a social networking and sharing site based in Boca Raton, FL, has received a relatively big $16.6 million second round of funding. The round was led by VantagePoint Venture Partners, with participation by Point Judith Capital and previous investor Transcosmos Investments. The company’s first round was $6 was founded in 2003. The additional capital will be used to expand Multiply