The start-up believes it can cash in on the peer-to-peer networking sector that allows people to search for others with skills relevant to their own business. The market is currently dominated by sites such as LinkedIn, which has 25 million members worldwide, including 1.5 million in the UK
Talkbiznow is free and hopes to attract three million users worldwide within the first six months. It said members can invite colleagues to host seminars online and invite people to take part in business presentations. Like LinkedIn, it allows people to look for business opportunities and new careers and to build public and private networks.
Third-party advertising will provide the revenue for the new site, with members also able to include their own adverts on their profiles. The company has 11 staff in the UK and US.
Talkbiznow co-founder and chief executive Martin Warner previously worked for JPMorgan and Bearing Point, part of KPMG. The new venture has been in development for six months. It has raised funding from European investors and is in the process of securing a further $25m (£13.4m).
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