Palo Alto based Social Gaming Network, which focuses on multiplayer iPhone/iPod/iPad games, has raised a first tranche in a second round of financing – $2 million from Tomorrow Ventures (Google CEO Eric Schmidt’s investment firm) and Xing founder Lars Hinrichs.
The company previously raised $15 million. Founder Shervin Pishevar says this new round is the first tranche in a much larger Series B funding.
Unlike most social gaming companies today, SGN has focused on very high quality games that allow multi-player gaming from different devices. Skies Of Glory is the office favorite. The company will soon be releasing titles for Android devices, says Pishevar.
SGN (formerly MindJolt) connects people around the world through great games. As a top cross-platform developer and publisher of games on Facebook, iOS, and Android, SGN lays claim to hit titles such as Fluff Friends Rescue, Jewels of the Amazon, Bubble Atlantis, Panda Jam, Skies of Glory, FAST, and MindJolt. To date well over 200 Million SGN games have been installed on leading mobile and social platforms, making SGN one of the largest cross-platform gaming companies in the world. SGN represents the...
TomorrowVentures is the investment vehicle for Eric Schmidt. It is an opportunistic investment firm with a focus toward seed and early-stage venture capital investments that develop innovative ideas that have the power to change the way people live, interact, and thrive. Founded in 2009 with a unique approach to venture capital and an extensive, diverse base of experience and expertise, we add value far beyond capital. Our goal is to grow companies capable of transforming technology, lifestyle...
Google founders Larry Page and Sergey Brin recruited Eric Schmidt from Novell, where he led that company’s strategic planning, management and technology development as chairman and CEO. Since coming to Google, Eric has focused on building the corporate infrastructure needed to maintain Google’s rapid growth as a company and on ensuring that quality remains high while product development cycle times are kept to a minimum. Along with Larry and Sergey, Eric shares responsibility for Google’s day-to-day operations. Eric’s Novell...
Lars Hinrichs first logged onto the internet in 1989 with an acoustic coupler and hasn’t logged off since. This early passion for all things digital kick-started his entrepreneurial streak that remains strong today. One of his first efforts, politik-digital.de, was an award-winning platform for politics and new media he launched at 22. Following that early success, his next venture, a respected new media consulting firm, went bust – but not without first paying rich dividends in learning. Lars applied those learnings...
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