Tech Company Financing Transactions
Kongregate Funding Round
Kongregate, based in San Francisco, scored $5 million in investment from Greylock Partners.
Transaction Overview
Company Name
Announced On
8/16/2007
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Undisclosed
Investors
Greylock Partners (Lead Investor) (James Slavet)
Proceeds Purpose
With this news, Kongregate is also launching a premium development program in which the company will fund a host of independent game developers to create original, large-scale Flash games exclusive to the site. These titles will deliver fun and challenging multiplayer experiences that tie into Kongregate's popular Achievements and Rewards system through key elements of persistence. The company anticipates it will initiate approximately a half-dozen of these Kongregate-funded game projects by year's end.
Company Information
Company Status
Acquired or Merged
Industry
Internet & IoT
Mailing Address
660 Mission St 400
San Francisco, CA 94105
USA
San Francisco, CA 94105
USA
Phone
Website
Email Address
Overview
Founded in 2006 and currently in a state of heavy development, Kongregate seeks to create the leading online hub for players and game developers to meet up, play games, and operate together as a community.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jim Greer
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