Playdom Pulls Down $33 Million More In Funding – Disney's Steamboat Ventures Gets In On The Action

Michael Arrington

J. Michael Arrington (born March 13, 1970 in Huntington Beach, California) is a serial entrepreneur and the founder of TechCrunch, a blog covering startups and technology news. Arrington attended Claremont McKenna College (BA Economics, 1992) and Stanford Law School (JD, 1995) and practiced as a corporate and securities lawyer at two law firms: O’Melveny & Myers and Wilson Sonsini Goodrich... → Learn More

Monday, June 21st, 2010

Late last year we broke the news that social gaming startup Playdom closed a big round of funding at quite a healthy valuation: $43 million on a $260 million pre-money valuation. That’s not bad for a first round of financing.

But the march of the social gaming giants continues. Zynga raised another $150 million earlier this month. And now Playdom is set to announce an additional $33 million in funding – bringing their total to $76 million. This new money was added in a second closing of the Series A round at that same $260 million pre-money valuation, the company tells me.

Steamboat Ventures, Disney’s venture arm, is part of this round, and they generally only make investments of strategic interest to the parent company. Bessemer Venture Partners and New World Ventures also invested.

Playdom remains the largest social gaming network on MySpace (by number of installs), and continues to grow on Facebook and internationally. Lots more news coming from Playdom in the near future, we hear.

Company: Playdom
Website: playdom.com
Launch Date: February 2008
Funding: $76M

Playdom is a game developer with a focus on social, online games. The company has a number of popular titles on the iPhone, Myspace, and Facebook.

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