DEMOfall - Wallop, a company spun out of Microsoft and backed by veteran venture capital firms, today at DEMOfall launched its beta product, a breakthrough innovation in the social networking space with a unique business model. Wallop, an invitation-only network, for the first time combines a social computing site with a marketplace, enabling an entirely new way to self-express and enhance a person’s increasingly important online image. Wallop also announced today that it has secured a $10 million series B round of funding led by Norwest Venture Partners (NVP). Previous investors, Bay Partners and Consor Capital, also participated in this round. (PRWEB Sep 26, 2006)
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