Tuenti operates a large, segmented social network and has built significant mobile reach with iPhone and Android apps. The company has around four years of history and is described as well funded, though it has faced criticism for weak monetization and an unclear direction. Tuenti is rolling out location-based features, launching a beta called Tuenti Places to let users add, interact with and review local businesses. The service already has substantial engagement: about 3 million users have shared over 3,200 places, and the company cites roughly 8 million active users for crowdsourcing local data. Product plans include Foursquare-like check-ins and other local social features intended to drive richer local interaction and monetization opportunities. An unconfirmed €9 million capital increase was reported, which the company says gives it cash to pursue this local strategy.

Total raised

$12M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2010