Monday, June 11, 2012

United Online Buys schoolFeed

Woodland Hills-based United Online said this morning that it has acquired schoolFeed, a startup developing a Facebook app which connects people via their high school graduating class. Financial terms of the deal were not disclosed. United Online said that schoolFeed and its team become part of its Classmates business, and its Memory Lane subsidiary. schoolFeed was venture backed by First Round Capital, Crosslink Capital, InterWest, and SK Telecom, and just raised its first round of funding and launched in February. United Online said that schoolFeed CEO and co-founder Lance Tokuda and the team members from schoolFeed will join Memory Lane as part of the acquisition.