Location-Based Game Company SCVNGR Raises $4 Million From Google Ventures and Highland Capital
SCVNGR is a location-based game platform company that works with mobile devices. Google Ventures and Highland Capital have both invested $4 million into SCVNGR. Google Ventures partner Rich Miner will be joining the SCVNGR board of directors. SCVNGR will be cash-flow positive with over $1 million in revenue.
SCVNGR focuses on a niche gaming platform. The niche is that they make location-based scavenger hunts for companies, schools, and organizations. Many schools use the location-based gaming platform for campus orientation. Major companies use it for team building. SCVNGR has about 40 employees. The company is led by 21 year old Seth Priebatsch.
Clients include Duke University, MIT, University of Pennsylvania, Princeton University, the city of Rochester in New York, Yale University, MetLife, and HSBC. SCVNGR can be used using SMS on any phone, mobile web, or through free Android and iPhone applications.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry