Kabam gets Hardcore Funding Round

Social game developer Kabam has raised a stunning $85 Million dollar round of funding from a group of investors that includes Google Ventures. Kabam designs social games for a hardcore Facebook gaming audience that is more engaged and willing to pony up more dough than the average social gamer. Articles and analysis from:

VentureBeat ” They’re all hardcore role-playing games where the users play for four hours at a session, compared to maybe 10 minutes for a Zynga game. About 90 percent of Kabam’s players log into their games six or seven times a week. That’s what Kevin Chou, chief executive of Kabam, calls engagement. “

Wall Street Journal ” The funding round, which also includes new strategic investor SK Telecom and previous investors such as Canaan Partners and Redpoint Ventures, is the fourth such financing round for Kabam and brings the company’s total capital raised to around $125 million, said Mr. Chou “

Mashable ” Some of Kabam’s top games include Glory of RomeDragons of Atlantis and Kingdoms of CamelotDragons of Atlantis, the company’s most popular game, has around 4 million monthly active users. “

 

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Filed under Facebook, gaming, Google, Kabam!, online, social games

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