Pocket Gems Receives $5,000,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b5225ff8-53d4-47df-9512-974f0d0f8685&Preview=1
Date
12/15/2010
Company Name
Pocket Gems
Mailing Address
Undisclosed San Francisco, CA 94105
Company Description
Pocket Gems, a pioneer of the movement of social games to mobile, developed a series of phenomenally successful free-to-play mobile games that have been downloaded more than 15 million times.
Website
http://www.pocketgems.com
Transaction Type
Venture Equity
Transaction Amount
$5,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The company, which helped pioneer the movement of social games to the mobile platform in 2009, plans to use the funding to expand its engineering team and to continue to drive the evolution of mobile entertainment.
M&A Terms
Venture Investor
Sequoia Capital
Venture Investor
Individual Investor