Facebook Game Developer SGN Raises $15 Million Series A

sgnLeading Facebook game developer and game network SGN announced its Series A financing this morning. The company has closed a $15 million round from Greylock Partners, Founders Fund, Columbia Capital and Novak Biddle Venture Partners. This huge round comes as the company is fiercely battling also-well-funded Zynga and recently-funded Serious Business for early leadership in the “social gaming” market.

The funding gives SGN some very close connections to Facebook. David Sze, the partner at Greylock who made the SGN investment, also invested in Facebook and is a Facebook board observer. Founders Fund‘s Peter Thiel was an early investor in Facebook and also currently occupies one of three board seats along with Accel‘s Jim Breyer and Facebook CEO Mark Zuckerberg.

The move also marks Founders Fund’s second bet in the social gaming space (and Peter Thiel’s third). Founders Fund has also reportedly invested in Facebook game developer Alamofire, makers of the popular game PackRat. Thiel is also an investor in Zynga.

Those interested in tracking the social gaming space more closely can check out our sister blog, Inside Social Games.

Social Media 101

Mediabistro Course

Social Media 101

Get hands-on social media training for beginners! Starting November 10, hear from our expert speakers on the  best practices for getting set up on the major social media platforms, how to create meaningful content, and engage with your audience across sites. Register now!

 

Leave a Reply

2 Responses to “Facebook Game Developer SGN Raises $15 Million Series A”

  1. Inside Social Games » Blog Archive » Bezos Expeditions Invests in SGN - Tracking the convergence of games and social networks says:

    [...] deal were not disclosed. The investment comes only two months after the company announced a huge $15 million Series A round from Greylock Partners, Founders Fund, Columbia Capital and Novak Biddle Venture Partners in [...]

  2. Inside Facebook » Facebook App Consolidation Continues: SGN Acquires (fluff)Friends says:

    [...] month, SGN announced an investment by Bezos Expeditions and in May 2008 SGN raised a $15 million Series A round lead by Greylock Partners and Founders [...]

Get the latest news in your inbox
interested in advertising with inside facebook?

Social Media Jobs
of the Day

Director of Communications

Coin Center
Washington, DC

Marketing Manager (US)

AudioBoom
New York, NY

Media Director

Bailey Lauerman
Omaha, NE

Media Coordinator

Douglas Gould and Company (Media Coordinator)
New York, NY

Communications & Digital Specialist

CASAColumbia
New York, NY

Featured Company

Join leading companies like this one and recruit from the nation's top media job seekers on the Mediabistro Job Board. Every job post comes with our satisfaction guarantee. Learn More
 

Our Sponsors

Mediabistro A division of Prometheus Global Media home | site map | advertising/sponsorships | careers | contact us | help courses | browse jobs | freelancers | content | member benefits | reprints & permissions terms of use | privacy policy Copyright © 2014 Mediabistro Inc. call (212) 389-2000 or email us