Social network software maker Slide Inc said on Friday it had closed a $50 million institutional financing round, marking the rising valuations of startups riding the fast-growing Facebook's wave of popularity.
Slide is the creator of some of the hottest programs running on Facebook and MySpace, including media-sharing applications Slide Shows, Top Friends, SuperPoke! and FunWall.
Max Levchin, Slide's Ukranian-born and Chicago-raised founder, declined to name the investors. But according to Reuters, sources close to the deal have said they were Fidelity Investments and T Rowe Price.
Read more about the deal here.
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