MyLifeBrand, latest social networking site, raises $750,000

Seattle-based MyLifeBrand, the maker of a private label social networking  software, has raised $750,000 in seed money from unidentified investors — quite remarkable, considering there are at least a dozen other companies trying to do somethings similar.

It reportedly has commitments of $250,000 more, according to EVP Dan Scalisi in an interview with socalTech.com.

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Matt Marshall is editor and CEO of VentureBeat. Follow him on Twitter at @mmarshall, and follow VentureBeat on Twitter at @venturebeat.