Netlog is getting bigger than Bebo
Last week, Facebox relaunched as Netlog. The company also announced that it had taken in €5m in its first investment round from Index, Atomico and TAG.
Everyone's heard of MySpace and Bebo, but Netlog's 18m members in 8 languages is really one of the great untold stories of the web right now. Not many people would have thought Netlog has more reach than Bebo, but it does....
Focussing on local markets, the talented entrepreneurs and the team behind Netlog have quietly been building a profitable business from their base in Belgium which is now Europe's biggest, most diverse social network. It's worth keeping a close eye on how they keep developing.