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Monday, August 25, 2008

Investments: Report: Dizzywood Dev Secures $1 Million In Series A

Dizzywood-developer Rocket Paper Scissors has picked up $1 million in Series A funding, according to a regulatory finding reported by private equity news outlet PEHub.

Though the only listed shareholder is European Founders Fund, earlier reports point to Charles River Ventures as an investor.

The San Francisco-based studio was founded in November 2007. Its educational virtual world Dizzywood is targeted at kids aged 8-12 and allows players to create, customize, and name a character to explore an enchanted wood.

Players can chat with each other, cooperate with others to solve the wood's mysteries, and earn rewards, such as items, achievement badges, e-motes, and powers for successful completion of events.

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