The Guardian
topics
Close Box

News From Us:

Our latest report; our new video section; and jobs with paidContent.org and paidContent:UK


Sequoia Invests $4.1 Million In Gaming Site GameGround

imageWith more people playing all types of online games (including social games on Facebook, casual games on sites like PopCap.com, and games on connected consoles), there’s money to be made from giving them a single space to share, store and socialize their game “data.” Which is likely why Sequoia Capital has invested $4.1 million in GameGround, a startup that aims to be the central “hub” for all of a game player’s info. This is GameGround’s first round; the site previously raised $2 million in seed funding from angel investors.

Israel-based GameGround was founded in 2007 by former MTV exec Shaul Olmert, former Blizzard Entertainment exec Itzik Ben-Bassat and Guy Margolin, an exec from online poker site 888.com (via VentureBeat). It’s currently in stealth mode, but upon launch, it will compete with communities like GamerDNA and IGN’s GameSpy that automatically pull in gameplay stats from various player networks (like Xbox Live).

Related Stories
Jun 8, 2009 6:20 PM ET
Share

Posted In: Entertainment, Gaming, Money, M&A & Venture Capital, Venture Capital, Social Media, Community, gameground, sequoia capital

The Economics of Content | paidContent Newsletter

Know something we don’t?

Send Us a News Tip

All tips are anonymous and untraced.

Sponsors

Contributors