Released on: 31, December 1969
, Author: dsharma@kindo.com
, Audience: Internet related
LONDON February 7, 2008 Kindo today announced funding fromAmbient Sound Investments (ASI), adding experience to an already impressive list ofseed investors. The Estonian investment company will provide financial and advisorysupport for the fast-growing family network, and will help to grow Kindo's globalfootprint.
ASI joins a strong team of seed investors including Saul and Robin Klein of TheAccelerator Group (TAG), and Stefan Glänzer, first investor in last.fm and executivechairman until the acquisition by CBS.
"I'm thrilled to have such an experienced group of investors to help with ourinternational expansion, and the team behind ASI has a stellar track record inbuilding global technology brands" says Nils Hammar co-founder of Kindo Network Ltd.Their website Kindo.com offers the next generation family tree, with newcommunication features, insightful stats and a family news feed in 14 languagesincluding Russian, Arabic and Chinese.
The investment was led by Eileen Broch for ASI, who is impressed by what she hasseen so far: "In the short time since they've been live, Kindo has proven that theyknow how to build a product that can be embraced by young and old alike. It isalready loved by families around the world, which is what appealed to us the most."
Companies such as Facebook and LinkedIn have proven that social networks are usefultools to stay in touch with friends and colleagues. Kindo gives families theopportunity to benefit from the same emerging web technologies.
ABOUT KINDO
Founded in 2007, London-based Kindo is an internationally focused web-based familynetworking platform that spans generations. On Kindo, users can build their freenext generation family tree and stay in touch with their loved ones. Kindo isavailable in 14 languages: Afrikaans, Arabic, simplified and traditional Chinese,English, French, German, Italian, Polish, Portuguese, Russian, Spanish, Swedish andTurkish.
Source: Express-Press-Release.com
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