GamesBeat

GameGround snags $4.1 million from Sequoia for gamer services

Several prominent Israelis have formed a new game company, GameGround, with $4.1 million in funding from Sequoia Capital.

The company was started in 2007 by Shaul Olmert, former MTV executive and the son of former Israeli Prime Minister Ehud Olmert; Itzik Ben-Bassat, a former Blizzard Entertainment executive; and Guy Margolin, a former 888.com executive.

Olmert left MTV in late 2007 to return to Israel, while Ben-Bassat left Blizzard at the same time. They have been involved in starting a few Israeli startups such as Wix.com, SundaySky and some others still in stealth mode. Ben-Bassat, chairman, said GameGround is still in stealth but is focused on making a tool aimed at letting gamers take control of their gaming life.

The description is fairly vague, but it looks like a social network for gamers where you can receive instant feeds whenever your friends get high scores in games or when they get destroyed in a game. You can pick up tips and tricks for playing games and otherwise stay connected with any friends across the web.

In addition to a recent round from Sequoia, the company raised $2 million from angels and founders. Other executives include Sharon Kohen, co-founder and vice president of research and development; Yaron Buznach, vice president of technology (founder of Vollee), and Doug Vance, vice president of marketing and formerly of MTV. The Tel Aviv-based company has 17 employees and has opened a New York office.


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