Wooga raises €5 million for social gaming

Third social gaming startup with big financial news in one week: social gaming just got huge

Financial trends and news by Ronny Kerr
November 12, 2009 | Comments
Short URL: http://vator.tv/n/bd0

16340
WoogaOn Monday of this week, Electronic Arts acquired social gaming startup Playfish for at least $275 million in cash, with extra bonuses in the future depending on the company's success. Then on Wednesday, Playdom announced the closing of a $43 million round of funding on a $260 million pre-money valuation. If that is not enough to convince the world that social gaming has arrived, then consider that just one day after the Playdom news, another social gaming startup has closed its own round of funding.

Wooga, a Berlin-based social gaming startup currently focused on designing games for Facebook, just announced the closing of €5 million (about $7.5 million) in new funding. Balderton Capital led the round, with support from previous backer Holtzbrinck Ventures.

Though the amount of the investment might seem small when compared with Playdom's recent funding and the price paid for Playfish, Wooga, whichBrain Buddies launched in January of this year, released its first and only game, called Brain Buddies, just four months ago. According to Wooga, however, Brain Buddies has already registered 6,000,000 players in over 200 countries and is currently listed in Facebook's top twenty titles. The company has logged over 500 million minutes of game play since the game's launch.

Clearly, Wooga is on its way.

Besides Brain Buddies, Wooga has two new games approaching completion which will be announced in the coming weeks.

A 25-person team, Wooga will use its new funds to make some more hirings and to expand the company.

Related companies, investors and entrepreneurs

Plogo_zynga_zynga-logo-for-screen-v2
Zynga
Startup/Business
Description: Zynga is the largest social gaming company with 8.5 million daily users and 45 million monthly users.  Zynga’s games are avail...
Plogo_playfish
Playfish
Startup/Business
Description: Playfish is a social games company that creates games for people to play together. Founded in October 2007 by casual and mobile games v...

Related news


blog comments powered by Disqus
Find your friends' startup new!
Vator is more valuable if you know who's here.
Discover who has a startup and help their success by following their progress!

Featured Stories

Latest company news bites on Vator

RAVN was featured in a article: "Personalized event-discovery app RAVN launches" 9 minutes ago
Just in time for Valentine's Day, i/o Ventures-incubated start-up emerges See more
Storeboard.com - David Waller (Founder and CEO)
Premium Plans Start at $1 or join for Free at Storeboard.com - The Social Media Site ...
See more
Women Innovate Mobile Accelerator was featured in a article: "Apply to Women Innovate Mobile, get $18k, mentorship" about 2 hours ago
Interview with co-founder Deborah Jacks on the benefits of this NY-based accelerator for women See more
Kasha Ritter - Kasha Ritter (Owner/President)
College visit to Loyola - all around cool-school! http://luc.edu/sba/entrepreneurship/courses.shtml
See more
Favo.rs - Adam Rodnitzky (Co-Founder)
It's a new week; how can the Favo.rs community help you?
See more