Casual Games Publisher PopCap Raises $22.5 Million

Authored by Mark Hefflinger on October 6, 2009 - 7:28am.

Seattle - PopCap Games, a developer and publisher of casual video games, announced on Tuesday that it has raised $22.5 million in its first round of outside financing, led by Meritech Capital Partners.

Also participating were investors Larry Bowman and John McCaw.

Founded in 2000, Seattle-based PopCap's games have been downloaded more than 1 billion times, and are available online, as well as on mobile devices, game consoles, and in-flight entertainment systems.

The company's flagship title, "Bejeweled," has sold more than 25 million units across all platforms.

"We're excited to have additional working capital that lets us be more aggressive with our expansion into social media and reaching new geographies," said PopCap CEO David Roberts.

"We've been pursued by investment firms for many years and have resisted taking outside capital, but we liked Meritech's style and believe there's a tremendous opportunity to grow and evolve our business at a time when many other video game firms are retrenching."

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