Category Archives: Kabam!

VIDEO – Maha Ibrahim discusses the Zynga IPO

YouTube Description: Dec. 9 (Bloomberg) — Maha Ibrahim, partner at Canaan Partners, talks about the outlook for Zynga Inc.’s initial public offering and the social gaming industry. She speaks with Emily Chang on Bloomberg Television’s “Bloomberg West.” (Source: Bloomberg)

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Filed under Facebook, game, gaming, Google, Kabam!, social, social games, Zynga

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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Kabam! is Movin’ on Up

Social games developer Kabam! moves into a new office in San Fran and will begin hiring up to 150 staff. Articles and analysis from:

San Francisco Examiner ” The company, which develops online social games such as “Kingdoms of Camelot,” already had a foothold in San Francisco, as well as offices in Redwood City and China.

San Francisco Chronicle “In the next year, Kabam plans to hire 750 people worldwide, with up to half of those jobs coming to San Francisco.”

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Not Playing Games

California based Kabam! gets a serious injection of capital in the form of $30 Million. Funding will be used to expand its multiplayer social gaming strategy. Articles and analysis from:

VentureBeat ” The company’s ability to raise a big round from investors such as Redpoint Ventures and Intel Capital shows that social gaming is still hot as a start-up investment, even though many of its biggest winners, such as Zynga, are consolidating their hold on the market. But now the investments are moving into market niches where there is less competition from the big players. ”

TechCrunch ” Kabam tries to differentiate from other social game developers by shying away from so-called casual games, putting more focus on games that appeal to a core gamer demographic…”

Inside Social Games ” In the typical online strategy setup, players split onto different “shards”, or worlds run on separate servers. Thus multiplayer games can scale from a handful to a few thousand players, but not over that number. Chou thinks Kabam can figure out how to create a single, persistent world containing all its players, though.”

BusinessWire (press release) ” Kabam, which has grown from 20 employees at the beginning of 2010 to over 200 today, has recently added studios in San Francisco and China, to its Redwood City headquarters, and is actively hiring to fuel further growth.

 Kingom of Camelot trailer

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Watercooler goes Kabam!

Sports and Entertainment game maker Watercooler changes its name to Kabam! and focuses on the lucrative social games opportunity. Articles and analysis from:

Inside Social Games ” For its forthcoming titles, Kabam is looking at branded opportunities. Epic Goal itself was launched with Fox Soccer, but the company won’t necessarily stay in sports.”

BusinessWire ” The management team of Kabam, which is based in Redwood City, Calif., includes executives from Electronic Arts, Playdom, Lucasfilm Ltd., AOL and the NBA. The company operates a game studio in Beijing, China.” – Press Release

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