TECH CRUNCH - Jan 26 - NetEase (founded in 2005), the second-largest gaming company in China behind Tencent, is among a group of investors who just backed IMVU, an avatar-focused social network operating out of California. Menlo Park-based Structural Capital among other institutions also joined in the strategic round totaling $35M. IMVU has raised over $77M from five rounds since it was co-founded by The Lean Startup author Eric Ries back in 2004. The fresh investment will be used to fund IMVU's product development and comes fresh off a restructuring at the company.
by Rita Liao
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