If you play Facebook games, then you are familiar with Kabam games. The company is the maker of Kingdoms of Camelot, Dragon of Atlantis and Glory of Rome. The company receives $85 million in a financing round led by Google’s venture arm, helping the startup expand in Asia, hire developers and make acquisitions.
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Venture capital is back, in a very big way. Funding across all sectors has enjoyed double-digit percent increases across all sectors, for the first time since 2007. How much of the windfall lined the pockets of developers creating applications for Facebook?
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This morning Techcrunch published information about Elevation Partners’ continued investment in Facebook, which has reached $210 million after purchasing $120 million in the private markets. Additionally, Facebook will be making a significant investment in their Indian offices, opening up a 50,000 square foot office which will employ close to 500 people, as first published by The Economic Times.
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Despite the numerous rounds of funding that Facebook has become widely known for over the past couple years, things were not so easy at the beginning. Right from the get go, Mark Zuckerberg and his family had to lend the company over $60,000 in order to cover costs after Eduardo Saverin, one of the company’s initial partners locked up the company’s bank accounts. Even with the company constantly on the edge of going broke, it has managed to stay afloat through numerous rounds of funding.
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Wildfire, one of the leading Facebook marketing platforms, announced today that the company received $4 million in funding led by Summit Partners and a number of well known angel investors including Jeff Clavier, Aydin Senkut, and Gary Vaynerchuk. We’ve covered the Wildfire extensively on a number of occasions as the company provides one of the most robust Facebook Page customization solutions available.
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D.C.-based LivingSocial has raided $25 million in a series B round, with an emphasis on their LivingSocial Deals product as a continued source of revenue growth. The round was led by U.S. Venture Partners, with Grotech Ventures and Steve Case’s Revolution, LLC participating as well. The company is also announcing the expansion of LivingSocial Deals into four more cities: Chicago, Denver, Raleigh Durham, and San Diego.
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gWallet, one of the newest monetization services for social applications, announced a new round of funding today, which brings the total amount of funding raised to $12.5 million. The service is run by Gurbaksh Chahal, who previously sold two startups at the peak of the internet bubble (at only 16 years old), and has also been featured on the Oprah Whinfrey show, making him a relatively high profile Silicon Valley entrepreneur.
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wooga, the company behind the popular Brain Buddies application, announced today that they have secured $7.5 million from Balderton Capital as a follow-up to the first round of funding from Holtzbrink Ventures we covered earlier this year. Since August, Brain Buddies has surpassed Playfish’s popular “Who Has The Biggest Brain?” application. With Playfish’s $400 million sale to Electronic Arts earlier this week, it’s not surprising to see additional signs of investor confidence in the social gaming space.
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Today at the fbFund REV demo day, Thread.com (formerly “Frinto”) announced that they have received funding from a number of well known valley investors. Thread.com leverages Facebook Connect to create a site for social dating via friendly introductions. While Facebook has a number of large dating applications, none of them work quite as smoothly as this one.
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Zoosk, the online dating community that launched in 2007 as a Facebook application, has raised an additional $6 million in funding. This is the third round of funding for Zoosk, and was led by existing investor Canaan Partners. The funding will go towards pushing Zoosk’s market share on a global scale, as well as adding to its team and roll out new products.
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