Amuso Raises $1.5 Million From Mangrove Capital
Amuso is a trivia and online game company that is based in London, England. The company has recently raised £947,000 ($1.54 million). Amuso hosts trivia games on their servers and they make money by selling trivia games to MySpace, AOL, and MTV. Amuso currently has about 200,000 users.
The games are free and can be played for cash rewards. Amuso claims that their services are not gambling because the games are based on skill rather than random chances.
As part of the funding Amuso hired about 10 people. Amuso also hired Ned Walley and Rabin Yaghoubi. Ned and Rabin both worked as directors at Google. Bill Houghton, former AOL Entertainment director also joined the board of directors at Amuso.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry