Playdom Raises $43 Million for Social Online Games

Authored by Mark Hefflinger on November 11, 2009 - 1:35pm.

Mountain View, Calif. - Playdom, a developer of online games for social networks whose titles include "Mobsters," has raised a $43 million first round of funding, led by New Enterprise Associates, TechCrunch reported.

Lightspeed Venture Partners, Norwest Venture Partners and Playdom chairman Rick Thompson also participated in the round, which values Playdom at $260 million.

Mountain View, Calif.-based Playdom competes in the social games space with Zynga and Playfish -- the latter of which was acquired yesterday by Electronic Arts for $400 million.

The company claims 28 million monthly gamers, more of whom are currently playing on MySpace than Facebook.

Playdom said it plans to use the funds for acquisitions and to expand game development.

Related Links:
http://snipurl.com/t6ykx (TechCrunch)

http://snipurl.com/t6yit (PaidContent)

http://www.playdom.com