SOURCE: WooMe

June 12, 2008 09:03 ET

WooMe Secures $12.5 Million Series B Investment Led by Index Ventures

Index Ventures Joins Atomico and Mangrove Capital Partners to Support Rapid Growth and Additional Video Functionality

SAN FRANCISCO, CA--(Marketwire - June 12, 2008) - WooMe, the world's largest live introductions platform, today announced the closing of a Series B, totaling $12.5 million. The round was led by Index Ventures with existing investors Atomico and Mangrove Capital Partners also participating. The new capital will go toward supporting user growth, expanding internationally and introducing new functionality to the site.

"WooMe is pleased to be working with such established and well-regarded investors in its mission to evolve social networking and bring real time introductions to the world," said Stephen Stokols, co-founder and CEO of WooMe. "Users are signing on to meet new friends, travel partners and even soul mates; we are certainly well-positioned to succeed in this market by establishing a strong first mover advantage and reaching a critical mass of users."

With these strategic investments and partner relationships, WooMe is expanding its reach rapidly. Within the first six months of launch, the website can claim:

--  Over 350,000 registered users
    
--  Thousands of new users added per day
    
--  Over 4 million introductions
    
--  Over 2,500 speed sessions played per day
    
--  Approximately 15,000 introductions per day
    
--  More than 150 countries represented
    
--  Time spent on the site doubling monthly
    

"WooMe is changing the way people interact online in very innovative ways," said Danny Rimer of Index Ventures. "We believe there are tremendous opportunities to use WooMe's technology to increase the proliferation of social networking beyond the traditional sites that exist today. We look forward to working with WooMe's experienced management team to expand the Company's leading market position."

About WooMe

WooMe is the world's largest live introductions platform and extends the concept of speed dating online to allow users to meet live in timed sessions via webcam. There are no questionnaires, lengthy profile descriptions or software to download, users can simply find a speed session that interests them, join and meet five people in five minutes. WooMe is easy, fast and free allowing users to meet new people around any shared interest for fun, to hook up, or for pure entertainment. With WooMe, meeting people online is transformed into a face-to-face experience that makes sifting through static profiles a thing of the past.

Founded in 2006, WooMe is an international company with offices in Los Angeles, San Francisco and London. Investors of the company include: Atomico Investments (founded by Niklas Zennstrom and Janus Friis), Mangrove Capital Partners, Klaus Hommels and Oliver Jung. For more information, please visit: http://www.woome.com.