Mainstream Holdings announced on Monday that it has raised $29.6 million to help launch its social media start-up, Moli, from investors including Home Depot co-founders Bernard Marcus and Kenneth G. Langone, and Vantis Capital Management managing member Steven D. Holzman.
Moli, which launched today at the DEMO 08 conference, allows members to manage multiple social network profiles from one account, so members can separate their social, business and family relationships and keep control over their privacy.
The company was founded by former E-Trade CEO Christos Cotsakos.
Mainstream will use the funds to accelerate the international expansion of Moli, which is currently available in the U.S., U.K. and Ireland.
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