Kabam, a developer of massively multiplayer social games, announced it raised $30 million in a series C round that will fund future acquisitions, new titles, and the firm's further expansion.
The round was led by Redpoint Ventures and Intel Capital while Canaan Partners, a previous backer that incubated Kabam at the start-up's seed stage, also participated. This new investment brings the developer's total cash raised to $39.5 million.
Kabam has nearly 7.7 million monthly users on Facebook playing titles like Kingdoms of Camelot, Dragons of Atlantis, and Glory of Rome. It focuses on creating titles that allow people to play with and against each other in real-time and in persistent game worlds.
"Kabam has pursued a distinctly different strategy than other social game companies. Rather than target 'casual' players, we are focused on creating a new segment of games that appeal to a more core gamer demographic," says Kabam CEO Kevin Chou. "This infusion of capital enables us to further our aggressive growth plans."
www.gamasutra.com
No comments:
Post a Comment