Friendster raises $20 million in funding; appoints Richard Kimber as CEO

Social networking company Friendster has appointed Richard Kimber, former regional managing director of South Asia at Google, as its new chief executive officer and a member of its board of directors.

Recently, Friendster raised $20 million in funding led by new investor IDG Ventures and participated by existing investors Kleiner Perkins Caufield & Byers, Benchmark Capital, DAG Ventures and Founders Fund.

"Friendster is growing at an enormous rate in Asia Pacific and is clearly leading the competition,” Richard Kimber has said. “With more than 75 million users, it is clear that Friendster has already made a dramatic impact. I look forward to growing our business further as we continue our global growth and strong focus on Asia.”