The perils of free-to-play include players who demand their rights.
Here’s a “kaboom” for all those social game skeptics out there. Kabam has raised $85 million in a fourth round of funding to fuel its business making hardcore games for social networks such as Facebook. The backers include Google Ventures, Pinnacle Ventures, Performance Equity and SK Telecom Ventures, as well as earlier backers.
I’ve been playing Kabam‘s Glory of Rome social game on Facebook for a few weeks. Based on that experience, I can see that Kabam has begun to crack the code for creating entertaining games for the emerging and very lucrative hardcore audience on Facebook.
The social gaming Gold Rush continues, and not all of the money is flowing into the pockets of Zynga, the biggest social game company on Facebook. Kabam, which has built its business in a very un-Zynga way, is announcing today it has raised $30 million in a third round of funding to develop social games and make acquisitions.
Kabam is hoping to build the next dynamite company in social games. Today, Kabam is announcing it has acquired social game developer WonderHill as part of a quest to build a powerhouse in next-generation social gaming.