Webjam Raises Nearly $2 Million

Social network publisher Webjam has $1.9 million in new funding.

Webjam gives users the ability to build custom social networks using a drag-and-drop-style interface. The new money, led by investor I-Source, will go toward furthering its Branded Services program, which gives businesses a more advanced fee-based option for development. The program is currently being pilot-tested with a small number of organizations and will become publicly available in September.

Webjam was founded two years ago in London.