Zynga Raises $15.18 Million In Second Round Of Funding
Social networking gaming company Zynga has raised $15.18 million as an extension to their second round of funding. The company has 196 million users on Facebook playing their games. Zynga previously raised $40 million in venture capital from Kleiner Perkins, Avalon Ventures, Foundry Group, Institutional Venture Partners, and Union Square Ventures.
Zynga’s most recent game FarmVille is the most played game on Facebook as of today. Zynga is believed to be making $100 million in revenues this year. However the company had offers within the games that were often scams as admitted by Zynga CEO Mark Pincus.
For example, users could get more poker chips if they downloaded the Zwinky toolbar. “We did anything possible just to just get revenues so that we could grow and be a real business…So control your destiny. So that was a big lesson, controlling your business. So by the time we raised money we were profitable,” stated Pincus.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry