RockYou Raises $50 Million Series D
RockYou is a company that designs widgets and applications for social networks such as MySpace and Facebook. It is considered one of the most successful companies based on installations. The company has raised $50 million in Series D from Softbank recently.
The company launched in November 2005 and raised $119 million in total capital. The company has revenues of about $30 to $40 million per year. RockYou has about 10 million registered users and 150 million widget views per day. The company was founded by Lance Tokuda and Jia Shen.
Previous investors in the company include First Round Capital, Sequoia Capital, Lightspeed Venture Partners, Partech International, SK Telecom Ventures, and Doll Capital Management. RockYou makes revenues from virtual goods and advertising along with in-game offers.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry