Social Gaming Network Secures $15 Million in Series A
Social game distribution platform Social Gaming Network has secured $15 Million in Series A Funding, reportedly the largest first round for any social gaming or application company. The round was led by Greylock Partners, Founders Fund, Columbia Capital and Novak Biddle Venture Partners.
Based in Palo Alto, CA, the Social Gaming Network specializes in publishing and providing a development platform for social games, such as Warbook and Jetman. Since the company's inception, its games have attracted over 1 billion page views, 54 million installs, and nearly 1.1 milion daily active users across social networks Facebook, Bebo, hi5, and MySpace.
Continuing its mission to offer game developers a way to monetize the popularity of these social gaming hubs, the Social Gaming Network intends to use its new funding to add more features, functionality, and depth to its platform.
Said Social Gaming Network CEO Shervin Pishevar: "We could not be more pleased with the announcement we are making today. This funding is indicative of how SGN is poised to dramatically impact the future of gaming platforms on the social web. Our focus and drive is to develop a dynamic and flourishing ecosystem for gaming on the web and continue to be the obvious choice for game developers who want to create social games that engage millions of users on the social networks and beyond."











