Capital Chaos

 Moli (West Palm Beach, FLA) just added $29.6M to it previous raise of $25M taking in a staggering $54.6M - all for a company that aims to use one account to manage all of your social networking profile information.  Backers of this latest round include Home Depot co-founders Bernard Marcus and Kenneth Langone, and Vantis Capital Management’s Steven Holzman (all of which appear to have been bitten by the Web2.0 and Social Networking bug).

Founded by former E*Trade CEO Christos Cotsakos (who put $20M of his own money in initially), the company allows its members to separate their social, business and family relationships and keep control over their privacy and the privacy angle seems to be the biggie.

While it may look like they are trying to compete with the likes of LinkedIn and MySpace etc. , they actually require users to create profiles and then select from one of three levels of permissions - Public (open to everyone), Private (users know it exists but need permission to access) and Hidden (invisible and access through invite only).  Moli aims to supply most of the commonly used web tools in one place - Media Sharing applications, Blogs, Message Boards, Mail, Video Chat, Calendars, Bulletins, RSS feeds.
The site expects to also provide secure transactional features for Member stores that allow members to create their own online stores and sell merchandise to other Moli users.