Home › DMW Daily › April 30, 2008

Social Games Publisher Kongregate Gets $3 Million from Bezos

Authored by Mark Hefflinger on April 30, 2008 - 8:27am.

San Francisco - Kongregate, a publisher of free social online games, has received a $3 million investment from Amazon.com (NASD: AMZN) founder Jeff Bezos' Bezos Expeditions, SiliconValley.com reported.

Founded in June 2006, San Francisco-based Kongregate offers more than 4,000 free online games aggregated from over 1,600 independent developers.

Kongregate co-founder and CEO Jeff Greer told SiliconValley.com the company will use the funds to develop display advertising for the site, and added that it is creating a revenue-sharing plan to provide compensation to developers of the site's most popular titles.

 

Related Links:
http://snipurl.com/26ixj (SiliconValley.com)

http://www.bezosexpeditions.com

http://www.kongregate.com

Published in DMW Daily, April 30, 2008
tags: Games | Deals | VC | Advertising | Kongregate | Bezos Expeditions |

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Comments

Full steam ahead

Submitted by Andreas (not verified) on April 30, 2008 - 11:39am.
Kongregate is really steaming ahead at full speed. Web game portals have been around for a long while, but the new wave has a different take on it.

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