VENTURE BEAT - Nov 22 - Hornet has raised $8M in its first round of institutional financing. The Series A round was led by Shanghai-based VC firm Ventech China, and adds to the $500k angel round Hornet raised back in 2012. Hornet says that the cash will be used to "support rapid business growth and user adoption" around the world. Ventech China participated in the Series C round of China's gay dating app Blued in June this year. Blued is big in Asia, and has claimed to be twice as big as Grindr.
by Paul Sawers
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