Tagged says it is profitable and does not need the capital to fund operations, so will use the investment to make strategic acquisitions and grow its products.
The company was set up in late 2007 and acquired social networking site hi5 in 2011 along with Digsby, TopicMarks and WeGame.
Those additions bolstered the company’s reach to more than 300 million worldwide members it said.
Revenues also grew 35 per cent to more than $43m last year.
The company secured a total of almost $100m in new debt including an $80m credit facility jointly led by Goldman Sachs and Fortress Credit.
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