The Xing Thing

 By 
Pete Cashmore
 on 
The Xing Thing
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Xing, a business social network that's best described as the European LinkedIn, raised 35.7 million Euros in its IPO in Frankfurt late last week. For those who like the figures, the three year old German company has a market cap of 157M Euros and 6M Euros in revenues this past year. They took one round of funding a year ago worth 5.7 million Euros.

However, you might know them better as OpenBC, since the company changed its name fairly recently, and debuted a much slicker look. Xing also supports multiple languages and supplies a Xing plugin for Microsoft Outlook, Microsoft Exchange and Lotus Notes that allows you to invite your contacts to the network. I have an account, but I can't say I've used it for any real networking.

In other funding news, Dapper/Dappit has taken $1M for a mashup platform that can be used to combine various services, like aggregating videos from YouTube and Metacafe or linking together social networks. That said, it's a little too geeky for my tastes right now, and seems like it will appeal more to developers.

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