The DIY social network platform GROU.PS has received a second round of funding from Golden Horn Ventures, which invested US$1.1 million in the company last year and committed to giving the startup another $1 million this year,
paidContent reported.
The company reportedly counts more than 100 million users that have created 40,000 online networking groups, putting them in a position to compete with other popular Do-it-yourself sites such as Ning and KickApps.
GROU.PS platform allows users to create photo albums, maps, calendars, amongst other options. Along with basic revenue generating methods such as the use of Google Adsense ads, users of GROU.PS are also able to charge membership fees to the groups they have created.
![Digg](http://digg.com/submit?phase=2&&url=http://www.sfnblog.com/industry_trends/2009/02/twitter_charity_raises_more_than_us25000.php&bodytext=Twitter's recent "<a href="http://twestival.com/">Twestival</a>," organised by volunteers and launched Feb. 12, has raised US$250,000 and counting for <a href="http://www.charitywater.org/">charity:water</a>, a non-profit organisation aimed to bring clean drinking water to developing nations. Fundraising has been extended and amounts are still be calculated, and the money will go to 55 water projects in Ethiopia, Uganda and India, according to Twitter.<img alt="twestival.jpg" src="http://www.sfnblog.com/industry_trends/twestival.jpg" class="mt-image-left" style="margin: 0pt 20px 20px 0pt; float: left;" height="288" width="415" /><br /><br />The Twestival is the brain child of London-based "Twitterers," who decided to meet offline and in person in the name of charity.<br />&title=Twitter charity raises more than US$250,000){kind=link}