GameGround Raises $4.1 Million From Sequoia
GameGround is a game expansion development company based in Israel. Currently they do not have any published products and they are labeling themselves as being in alpha phase. Despite the lack of a product to showcase, the company has raised $6.1 million already. The latest round is $4.1 million from Sequoia.
GameGround was started in 2007 and was founded by Shaul Olmert, Guy Margolin, and Itzik Ben-Bassat. The three of them have some sort previous history in game development. Ben-Bassat used to work at Blizzard and Margolin worked at 888.com. Olmert is a former MTV VP in their Digital Products division.
The basic idea behind GameGround’s product is that will serve as a “special agent for Mac and PC that can work with existing games to expand their online functionality, even after they’re released,” according to TechCrunch’s Jason Kincaid.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry