SocialGO is a community-building platform that previously positioned itself against the likes of Ning. The company is publicly listed on the AIM market in the UK. It has secured $2.2M in funding from nine institutions in its largest fundraising to date. The round was led by First Columbus, its secondary broker, and values the company at $24M. Prior to this raise it secured $800,000 from Veddis Ventures. The funding comes ahead of a needed relaunch noted in reporting on the company. SocialGO operates a platform for creating social networking sites that enables businesses, organizations and entrepreneurs to create online communities with full content and member control, monetization, and customization features. The company is described as London and Silicon Valley based and is part of Bright Things PLC, a public company quoted on London’s AIM Stock Exchange. In conjunction with a financing, Vikrant Bhargava of Veddis Ventures joined SocialGO’s board as a non-executive director. Bright Things has acquired Get On With It (GOWIT) Ltd., which has provided development and support services for SocialGO since 2007. GOWIT directors Stephen Hardman and Alex Halliday will join the board as joint managing directors. The company recently received an $800K investment from Gibraltar-based Veddis Ventures.

Total raised

$3M

Funding rounds

2

Latest round

Equity

Latest activity

Feb 2011