Thursday, July 24, 2008

Zynga is the largest social gaming company got new funding

What Company Is Offering:
Zynga is the largest social gaming company. Zynga games are available on Facebook, MySpace, Bebo, Hi5 and Friendster and include Texas Hold’em Poker, Blackjack, Mafia Wars, Scramble, Word Twist and Triumph. The company is funded by Kleiner Perkins Caufield & Byers, IVP, Union Square Ventures, Foundry Group, Avalon Ventures and The Pilot Group, as well as leading individual investors Reid Hoffman and Peter Thiel.

How Much They Got From VCs:

Zynga, the largest social gaming service, announced today that it has completed a new round of funding led by Kleiner Perkins Caufield & Byers along with Institutional Venture Partners (IVP). The $29 million investment also includes funding from previous investors Union Square Ventures, Foundry Group and Avalon Ventures. The funding will be used to accelerate Zynga’s creation of next generation social games.

The company also announced today that Kleiner Perkins partner and former co-founder and chief creative officer of Electronic Arts, Bing Gordon, will take an active director role in building the company. He will join LinkedIn’s chairman Reid Hoffman, Foundry Group’s Brad Feld and Zynga’s CEO Mark Pincus on the company’s board of directors.


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