Game and virtual world fundings reach $936.8 million in 2008
This is a second update to our game and virtual worlds funding list. Here we’re adding new data from Jussi Laakkonen’s blog. Previously, we had updated to include data from Virtual World Management’s list, so the number is much bigger than we reported earlier.
In 2008, VentureBeat chronicled lots of game and virtual world fundings. Our updated list now shows 112 game companies raised more than $936.8 million worth of venture capital and angel funds. This… Continue Reading
Investors put $184 million in 23 virtual worlds in the first quarter
We’re going to have a veritable galaxy of virtual worlds soon. Investors put $184 million into 23 virtual world companies during the first quarter of 2008, according to Virtual Worlds Management. That may sound like a lot, but the froth in this sector is actually down from the past.
The investors include angels, venture capitalists, and media companies. In a sign that the kids market is heating up, eight of the investments, worth a combined $16… Continue Reading
Chinese online game site 9You pulls in $100M — headed toward IPO?
Chinese online gaming and music site 9You has taken a whopper round of $100 million from Temasek Holdings and other institutional investors, according to PaidContent.
9You is something of a portal, offering games in every category (casual, hardcore and mobile) as well as some social networking tools and an assortment of unrelated services. It reports having over 120 million registered users, a bit under half of the country’s entire internet population.
Many US casual gaming companies have… Continue Reading