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Files under: News, Tech, Web 2.0
Posted by: Yakov @ 12:43 [6. 02. 08]
Intel Capital and Ambient Sound Investments (ASI), an investment fund of founding Estonian engineers of Skype, co-lead a $3.7 million Series A investment into FlowPlay, a casual gaming online community company. The deal follows a $0.5 million seed round from ASI in the middle of 2007. Flowplay presented at TechCrunch 40 event in September 2007.
The other investors in the round include Ben Feingold, former president of Worldwide Home Entertainment at Sony Pictures and Michael Schutzler, former SVP of Games at RealNetworks.
FlowPlay aggregates online casual games into a virtual world community. Its users will play simple, fun games to earn goods for their virtual life including currency, clothing, pets, furniture and more. In addition, a role-playing meta game will surround the user activity. The company plans to generate revenues from membership fees by charging some $6 per month.
FlowPlay was founded by the casual games industry veterans Derrick Morton, Douglas Pearson, and Christian Oestlien who have executive, product and engineering experience in iWin.com, VivendiUniversal, GameHouse and RealNetworks.
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One Response to «TechCrunch 40 Company FlowPlay Raised $3.7 Million from Intel and ASI»
1 VentureBeat » FlowPlay raises $3.7M for avatar game for teenagers Yakov @ 12:43 [6. 02. 08]
[...] funding included other investors Ben Feingold, former president of Worldwide Home Entertainment at Sony Pictures and Michael [...]
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