Virtual world for kids 8-12 Dizzywood has taken $1 million Series A in a round led by Shelby Bonnie with Charles River Ventures and other individual investors also participating. Tiburon, CA based Dizzywood aims to “inspire young people to use their imagination and have fun, while learning real-life values and skills.” Their online virtual world/ gaming platform offers creative, story-driven play with “challenging activities” that teach children to cooperate with others and develop cognitive skills. The company has a decent pedigree among its founders. Scott Arpajian is a former SVP of CNET Download.com and Sean Kelly co-founded Wallop. Third co-founder Ken Marden is a game designer and a published children’s book author. The company plans to use the capital to further develop and expand content and services. Dizzywood launched in November 2007. → Read More