Seven West Media funds neighborhood social network Nabo

Seven West Media increases investment in Australia’s largest local social network Nabo

Nabo (nabo.com.au), Australia’s largest local social network, has announced the successful completion of an additional round of funding from investors Seven West Media and Reinventure, an independent venture capital firm backed by Westpac.

Nabo connects residents, community organisations and community groups online with others in their local area. The network is already active in 4,000 suburbs and has attracted strategic partnerships with community-based organisations around Australia such as Crimestoppers Queensland, City of Perth, and Queensland Urban Utilities to provide important public service information to local communities.

Tim Worner, chief executive officer of Seven West Media, said: “Our partnership with Nabo has had proven benefits from the get-go, with our assets playing a valuable role in helping the network grow its member base. We’re excited to continue supporting Nabo’s potential.”

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