GROU.PS Finds $1 Million For DIY Social Network Platform
June 25, 2009 ·Filed Under Technology News
GROU.PS, a do-it-yourself social network focused on moderated online collaboration, has raised $1 million in an extended Series A round of funding from Golden Horn Ventures. The company previously raised $1.1 million in Series A funding from Golden Horn in 2008.
GROU.PS currently has 1 million registered members and 40,000 social networks on the platform. The DIY social network is growing fast; the platform has grown from 200,000 users to 1 million members within a year.
GROU.PS’s networks are appealing to users considering it lets you run all of your group’s collaboration tools from one GROU.PS domain using a restricted login. The system supports wikis, photos, hyperlinks, blogs, calendars, chat, forums, maps, profiles, and subgroups - each of which is available as a plug-and-play module for your community. These modules plus allow users to pull in their input from other third party services (flickr,
GROU.PS plus recently added ActivityRank Pipelines, a point and reward system that lets moderators of a social network measure and rank members’ substance contributions and soon after extend moderation privileges to members based on these rankings. And the social network is launching a subscription model that will allow moderators to charge subscription fees to members (GROU.PS gets a 50% cut on any fees charges).
But while the social network is growing, it is still having trouble gaining users in the U.S against the leader in the DIY space, Ning, which hit one million social networks recently. GROU.PS’ is mostly popular in Japan and Brazil.
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