Spanish Social Net Wamba Receives 3 Million Euros

Spanish speaking social network Wamba has received a 3 million Euro ($4.3 million) investment from Morten Lund, an early investor in Skype, reports Cotizalia (Spanish) (via Techcrunch). Lund will own 40 percent of the company, which, according to TechCrunch, previously raised $500,000 in an angel round. The site launched in March with plans to go after the European market, but has since shifted course, now focusing on Latin America. It has plans to launch its own radio and IPTV services.

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