Kabam raises $85M for hardcore social gaming business

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.

With anti-Zynga strategy, Kabam raises $30M for social games

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.