BuzzCity secures $10 million in growth capital

Wireless communities and consumer services provider BuzzCity announced it has secured $10 million in growth capital financing from integrated multinational media firm Naspers. According to BuzzCity, the funding will enable the company to extend market share of its myGamma social community, galvanizing development of new user-generated content via member services and applications. BuzzCity will also invest in applications geared to maximizing partnership opportunities as well as nurturing its advertising client portfolio. BuzzCity added that traffic to the myGamma network of partner sites exceeded 6 billion page views during the first six months of 2008, with 1.7 billion paid ad impressions in July alone.

For more on the BuzzCity financing:
- read this release

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