Social Game Developer Zynga Raises $29 Million Series B, Acquires YoVille

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Zynga Game Network, one of the largest social gaming developers and networks, is announcing this morning that it has closed a whopping $29 million Series B financing round, on top of an already large $10 million Series A round it raised just six months ago. The round is led by Kleiner Perkins Caufield & Byers and Institutional Venture Partners, and includes funding from previous investors Union Square Ventures, Foundry Group and Avalon Ventures.

As part of the investment, Bing Gordon, who recently left EA for KP, will take an active director role in building the company. Gordon, who was the co-founder and former chief creative officer of Electronic Arts, joins LinkedIn chairman Reid Hoffman, Brad Feld of Foundry Group, and CEO Mark Pincus on the board.

In addition Zynga is announcing the acquisition of Facebook application YoVille, which it claims is the “largest virtual world game” on social networks. YoVille’s rapid growth to 150,000 daily active users has caught the attention of many Facebook application developers recently, and it joins a number of other top (and formerly independent) Facebook game developers that have joined the Zynga fold.

What are Zynga’s plans for its $39 million war chest? “We are doubling down on social gaming, raising the production quality and scaling the infrastructure,” says Pincus. Apparently, Zynga plans to spend a lot more than most small developers have spent creating the first generation of social games.

“Mark and the talented team at Zynga have the same kind of vibrant energy we had in the early, industry-defining years of EA,” says Gordon in a statement.  “But their designs, technologies and approaches are all new, and are further broadening the reach and promise of interactive entertainment.”

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7 Responses to “Social Game Developer Zynga Raises $29 Million Series B, Acquires YoVille”

  1. Inside Social Games » Blog Archive » Social Game Developer Zynga Raises $29 Million Series B, Acquires YoVille - Tracking the convergence of games and social networks says:

    [...] more, see Inside Facebook. digg_skin = ‘compact’; digg_bgcolor = ‘#000000′; Bookmark [...]

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

    [...] Zynga acquired YoVille in July [...]

  3. justin says:

    cool! .. haha .. i love playing yoville!! .. im a pilipino! ..

  4. scrappy says:

    i was scammed of 500345coins and 1056 yocash

  5. Zynga’s acquires YoVille « Zynga says:

    [...] acquires YoVille By nextuprresearch2 Zynga is announcing the acquisition of Facebook application YoVille, which it claims is the largest … YoVille’s rapid growth to 150,000 daily active users has caught the attention of many Facebook [...]

  6. carmenvega097@gmail.com says:

    he intentado poder habril mi pagina de mysoace para el juego de yoville mas visitar a mis amistades espero de su ayuda tengo dias tratando de resolver el problema espro de su ayuda muchas gracias

  7. TechCrunch Disrupt: Fresh Details on Zynga Stats, History with Kleiner Perkins says:

    [...] Kleiner Perkins led a $29 million second round of funding in Zynga, announced that July. The money helped Zynga at a crucial early point of the industry’s growth, as it bought YoVille — then a range of other, still-unannounced developers in the coming months. [...]

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