Facebook and Social Startups Meme.

After planning to pay off its employees’ via stock as summer salary and intentions to score a new round of funding, SpinVox has managed to bring home a healthy round. The funding came from existing investors. The funds raised exceed the anticipated £5.5 Million as reported, while the actual amount remains undisclosed. Whatever the funding be, it is highly likely that the major part of it will be adjusted in repaying the amount it owes to various suppliers. But with cash in the pocket, I don’t think SpinVox will be worried about the expenses for the time being.