Hailo has raised over $50 million from investors, including the recent addition from venture capitalist Union Square Ventures, Virgin Group founder Richard Branson and Japanese telco KDDI. The influx of $30 million in capital was followed with the addition of Tom Barr as the new President and COO USA (Tom was formerly a Starbucks VP; Head of Coffee Business), Kiyotaka Fujii (former head of LVMH) will be President, Japan and Asia Pacific as well as serving on the Board of Directors and Colm O'Cuilleanain President, Europe, Middle East and Asia. Union Squares Ventures Opportunity Fund Partner John Buttrick also joins the Hailo Board.
The new investments were led by Union Square Ventures who were also the first institutional investors in the social and business networks; Twitter, Foursquare and Tumblr.
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