MyYearbook.com Raises 13 Million in Financing

Teen social networking site MyYearbook.com has just secured 13 million in a second round of financing. The lead investor is Norwest Venture Partners.

The company plans to use the investment to help develop new member services and drive revenue.

Existing investors US Venture Partners and First Round Capital also participated in the round, which will be used to develop new member services and continue to drive revenue.

MyYearbook.com has seen explosive growth over the last year and now exceeds 4 million visitors each month.

The company has raised a total of $18.6 million to date.