Social Networking Site Badoo Picks Up $30 Million From Russian VC

Number two on Google's list of fastest rising terms worldwide for 2007 was social networking site Badoo. While not super popular in the U.S., Badoo is growing fast worldwide. Yakov has the details today on a financing round for Badoo totaling $30 million from Russian venture capital firm Finam.

The $30 million will give Finam a 10% stake in Badoo and will help the site expand further into Russia. Badoo is based in London, has nearly 13 million profiles (no word on active profiles) and currently has no advertising. Yakov notes that Badoo is currently big in continental Europe and Latin America. Badoo offers seven language options.

Check out our interview with Russian search engine Yandex from last week - the Russian Web market sure is heating up!

(fyi, Yakov is the founder of Quintura, a current CN sponsor)