The former Playfish team has also raised funding from Initial Capital and Index Ventures.
“You cannot rest on your laurels, you need to continue to innovate,” Ramakrishnan told me in a Blue Jeans videoconference. “We want to build a platform for one billion annual minutes, so we need to scale.”
It’s a busy time for e-commerce site Etsy, which focuses on handmade arts and crafts. The company announced yesterday that it has snagged $20 million in its fifth round of funding, led by Index Ventures. And just this morning, it was revealed that former Google international executive Adam Freed (pictured) is joining the company as COO, reports All Things Digital’s Kara Swisher.