Titan Gaming Raises $1M From Prominent Angels For Skill-Based Games Platform

Titan Gaming this morning announced it has received $1 million in funding from a slew of prominent angel investors. You can find the full list of investors below or on the startup’s CrunchBase profile, but it includes people like Clearstone Venture Partners principals William Quigley and Jim Armstrong, PriceGrabber co-founder Kamran Pourzanjani and MP3.com founder Michael Robertson.

The company has also attracted games industry vet John Maffei to become its new CEO, as well as Lisa Serwin, who was appointed COO. The original Titan founders, Francisco Diaz–Mitoma and Mark Donovan, will stay on to lead Titan’s technical and game developer evangelism efforts.

Maffei was the previous head of the ZAM Network, which represents the single largest online MMO gamer destination portfolio. He also spearheaded Microsoft’s Xbox 360 licensing efforts with entertainment powerhouses like Warner Brothers, Buena Vista, Fox, and NBC Universal. Maffei also founded RocketPipe, a developer of broadcast messaging and direct marketing software for content-driven online commerce sites.

Lisa Serwin was formerly The PlumpJack Group’s CFO, directed the Commission on Medical Education, Research and Training for the Governor of Nevada, and was the Senior Vice President of Strategic Planning for Fox Filmed Entertainment.

Titan Gaming has been around since 2006, and claims to have invested over 100,000 hours in development with a team of 24 engineers to develop the Titan Platform. This platform, which is set to go live with initial customers in July, will offer gaming companies and content sites a gaming platform that enables skill-based matchmaking, tournaments and points or cash competitions.

Titan says it utilizes gamers’ natural competitive inclinations to help its partners and their game developers generate the highest lifetime value for users of the platform in the video game industry. Which makes me very curious.

Clearstone Venture Partners MD William Quigley commented: “All investors have taken note of the explosion of virtual item sales in the casual game market. Titan’s platform will enable all gaming sites to go beyond virtual currency sales and generate new revenue and profit streams with completely legal, skill-based tournaments and competitions for points and cash.”

The funding comes from Quigley and Jim Armstrong (both at CVP), virtual goods pioneer Brock Pierce, MP3.com founder Michael Robertson, PriceGrabber co-founder and Bestcovery.com founder Kamran Pourzanjani, co-founder of Vonage and current founder and CEO of Kikin Carlos Bhola, SOA Software founder and ServiceMesh founder and CEO Eric Pulier, MyLife founder and CEO Jeffrey Tinsley, Hydra and W4 co-founder Adam “Wicks” Walker, ooma founder Andrew Frame, GigaMedia executive John Lee, PatentVest CEO Andy Mazzarella, former Chairman Global Technology Markets for Korn Ferry Richard Spitz, founder of iWin and founder and CEO of TLDH.org Fred Kreuger, founder and Chairman of Ramprate and co-founder and CEO of myTASTE Tony Greenberg, New Motion founder and Revenue Apex co-founder and CEO Scott Walker, and SAM Venture Partners and Tomorrow Ventures.

That’s a long list of high rollers right there.