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[img src="" caption="" credit="" alt=""]Social network hi5 has raised $15 million in debt financing from Hercules Technology Growth Capital, according to a press release issued this morning. Perhaps more notable than the financing is the number of users the company claims in the release: 70+ million.
While the company doesn’t even hit the top 10 social networks in the US according to some recent numbers from Nielsen, it is a force worldwide. To the right, you can see that it is one of the most trafficked sites in just about every Latin American country, according to data from Alexa.
With what appears to be a fairly dominating position in certain parts of the world, it will be interesting to see how Hi5 holds up as Facebook prepares to launch international versions. Hi5’s success is often credited to not just providing translated versions of its English language site, but also offering highly localized content in its different target regions.