Playdom Raises $33 Million From Disney’s Steamboat Ventures, Others
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Social gaming startup Playdom, which has been on an acquisition spree ever since it raised $43 million in a first round of funding nine months ago, has raised $33 million more in an add-on to that funding round. The new cash comes from Bessemer Venture Partners, New World Ventures, and Walt Disney (NYSE: DIS) Co.‘s Steamboat Ventures.
SEE ALSO: Confirmed: Playdom Raises $43 Million In Part For Acquisitions
In a very short statement, Playdom doesn’t say what it will use the cash for, but the company has been buying social gaming startups at a very fast pace; it has made seven investments over the last eight months.
It also comes as money keeps on piling in to the social gaming category. Last week, Zynga raised a huge $147 million round and Japanese social gaming firm DeNa followed up that news by saying it would launch a $27.5 million fund to invest in social gaming startups.
Playdom’s funding news was first reported by TechCrunch.
Posted In: Entertainment, Games, Money, M&A & Venture Capital, Venture Capital, Social Media
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