What Company Is Offering:
RockYou is the leading innovator, creator and distributor of applications on the social web. The RockYou Ads network provides customized application-based branding and advertising campaigns that can be easily distributed across social networking platforms and engage directly with active users.
How Much They Got From VCs:
RockYou, the leading innovator, creator and distributor of applications on the social web, today announced an additional $17M in investments from Softbank, leading shareholder of Yahoo! Japan, and SK Telecom Ventures, the venture capital arm of SK Telecom. In June of 2008 RockYou announced an initial C Round investment of $35M, led by DCM; this strategic round brings the company's funding to a total of $67M.
The combined strategic financing will enable RockYou to extend their presence in the Asia-Pacific market. RockYou has been focusing development efforts overseas, including expansion into China's largest social network, Xiaonei.
SoftBank and RockYou will also set up a new joint venture company that will develop widget and application products and services for use on PCs and mobile devices in the Asian market, in particular the Japanese, Korean, Russian, and Chinese markets. Each of the JV Partners will contribute technology, know-how, systems and human resources to the Joint Venture.
More at:http://rockyou.com/
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