Consumer website acquires €4m in funds

Pigsback.com, the reward-based consumer website, has this week received €4m from Hotbed, the UK private investor network, and other shareholders.

The invested funds will be used to intensify UK marketing activity.

Pigsback.com launched successfully in the UK less than a year ago and already has over 340,000 active UK members, forecasting 500,000 by year end and a million by the end of 2007.