Slide gets $50 million
January 21st, 2008 by e-tech
Social-network software maker Slide said on Friday it had closed a $50 million institutional financing round, marking the rising valuations of start-ups riding fast-growing Facebook’s wave of popularity.
Slide, a 65-employee company founded by Max Levchin, 32, the Ukrainian-born co-founder of online payments company PayPal, is the creator of several of the most popular software programs running on Facebook and News Corp.’s MySpace.com. Its Facebook programs include Top Friends, FunWall, and SuperPoke.
In an interview, Levchin declined to name the institutional investors. But sources close to the financing deal said the investors were Fidelity Investments and T Rowe Price.
