![]() The fresh investment will be used to fund IMVU’s product development and comes fresh off a restructuring at the company. The company declined to disclose its post-money valuation. ![]() IMVU has raised more than $77 million from five rounds since it was co-founded by “The Lean Startup†author Eric Ries back in 2004. Menlo Park-based Structural Capital among other institutions that also joined in the strategic round totaling $35 million. NetEase, 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. ![]() The line between social networking and gaming is increasingly blurring, and internet incumbents are taking notice. ![]()
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