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Update: KickApps released details about the funding, noting that it was the third round, and that closed at $14 million. New investor North Atlantic Capital led the investment, with participation from Prism Ventures, Softbank, Spark and individual investor Jarl Mohn (former CEO of Liberty Digital). Release.
White label social networking service KickApps has raised more than $13 million in a third round funding, peHub reported, citing a regulatory filing. Previous investors Prism VentureWorks, Softbank Capital and Spark Capital participated in the funding, and peHub speculates that an undisclosed investor led the round. KickApps has raised a total of $30 million since its launch in 2006, and competes with other social media platforms like CrowdVine and Ning (a behemoth that has raised more than $100 million over four rounds). A number of companies (including AOL) had been interested in acquiring KickApps over the summer, but the company seemingly has enough money to do fine on its own now.
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