Back in July, Kabam insiders sold shares worth $38.5 million to several undisclosed VC companies.
What was hidden is now revealed, however, with Google Ventures being one of those funders.
The others were Founders Circle Capital, Pinnacle Ventures and Canaan Partners.
Mind the gap
To some degree, this is not news.
Canaan Partners was Kabam's original investor, with Google Ventures and Pinnacle Ventures both part of Kabam's $85 million Series D round.
However, the reason provided by Google Ventures for its involvement is notable.
"Kabam has successfully made the transition to mobile at a time when many previously Facebook-oriented gaming companies haven't," its general partner Joseph Kraus, told The Wall Street Journal.
[source: CNBC]
News
Contributing Editor
A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.
Related Articles
Top Stories
News
9 hours ago
PocketGamer.biz Podcast - ustwo games’ María Sayans on the sustainable strategy behind Monument Valley
News
9 hours, 28 minutes ago
Squad Busters releases globally tomorrow… But is it REALLY the next big thing?
News
10 hours, 59 minutes ago
Zenless Zone Zero July 4th release date confirmed as pre-registrations surpass Honkai: Star Rail’s
Feature
May 28th, 2024
Hot Five: Disney x Fortnite, Sega’s sonic speed, and a potential Keywords Studios buyout
Feature
May 27th, 2024
“There has been an increase in funding opportunities for African developers with more exciting times to come"
Events
Unreal Fest Gold Coast 2024 | Australasia | May 29th |
For The Win 2024 | Europe | May 29th |
Indie Craft K-Game Festival 2024 | Europe | May 31st |
Indie Game Fest & Indie Campus 2024 | Europe | May 31st |
Game Access Conference 2024 | Europe | May 31st |
GDCy Fest 2024 | May 31st | |
GameSummit Summer 2024 | Jun 1st | |
BostonFig Online 2024 | Jun 1st |