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.


Mobile developer or publisher? VentureBeat is studying mobile marketing automation. Fill out our 5-minute survey, and we'll share the data with you.

Trackbacks

  1. [...] 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 [...]

GamesBeat is your source for gaming news and reviews. But it's also home to the best articles from gamers, developers, and other folks outside of the traditional press. Register or log in to join our community of writers. You can even make a few bucks publishing stories here! Learn more.

You are now an esteemed member of the GamesBeat community. That means you can comment on stories or post your own to GB Unfiltered (look for the "New Post" link by mousing over your name in the red bar up top). But first, why don't you fill out your via your ?

About GamesBeat