More money for white-labelish social networking…. Grou.ps has raised a $1.1 million first round from Golden Horn Ventures, according to VentureBeat and others. The SF-based start-up offers tools for users to set up their own communities and social sites, a la Ning and plenty of others. The company is also open sourcing some of its code. See ReadWriteWeb for more on this strategic decision.
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