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Social gaming and charity network Gramble closes out $5 million seed round

A real charity case

Social gaming and charity network Gramble closes out $5 million seed round

The Netherlands-based social gaming and charity start-up Gramble World has closed $2 million in seed funding, bringing its total seed run up to $5 million.

The key investor was European charity lottery operator Novamedia, while Singapore-based boutique investment group Angaros and six unnamed business angels were also involved.

This amount of funding can accomplish a lot of good in the right hands, and Gramble says it plans to use the capital to build out its technology and to focus on sales, marketing, and user/developer retention.

Gramble launched its open beta in April of this year as a 'cause-driven mobile social network' which funds charities every time that a player buys an in-app purchase or interacts with an ad.

In short, it's a way to take the 'evil' stigma off of the free-to-play business model.

Spend a little, give a little

Since its launch, Gramble has acquired more than 22 million unique users which isn't too shabby considering that its hybrid native-web Android app just arrived in July and its iOS app is due out next month.

Many of the Gramble's reported 4 million active users are engaged with more than just games, however.

Similar to GREE, LINE and KakaoTalk, Gramble offers a messaging component and community interaction on top of its offered suite of games.

In a bid to establish itself as a more global player, Gramble is also planning to open an office in San Francisco this September.

[source: TechCrunch]


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