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May 11, 2011 12:50 pm GMT

Exclusive: BranchOut Raises $18M For Facebook-Focused Professional Network

Exclusive: BranchOut, a professional social network for Facebook, has raised $18 million in Series B funding led by Redpoint Ventures with Accel Partners, Norwest Venture Partners, and Floodgate also participating the the round. This investment brings BranchOut's total funding to $24 million. Geoff Yang, founding partner of Redpoint Ventures, will join Accel Partner Kevin Efrusy on BranchOut's board.Launched in July 2010, BranchOut has often been compared to a LinkedIn for Facebook because it allows you to network and find jobs through your friends on the social network. BranchOut's Facebook app lets you search for companies and then shows you all your friends who either work there or know somebody who does. The application does what LinkedIn hasn't done with Facebook" it unlocks the massive amounts of career data about your social graph on the world's largest social network that was just impossible to get to before.

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