Social Gaming Company Heyzap Raises $3 Million

Heyzap is a social gaming company that has raised $3 million from Union Square Ventures, Naval Ravikant, and Chris Dixon. Heyzap essentially helps Facebook game developers port their games to other platforms. Currently Heyzap has about 30,000 games distributed to over 220,000 websites. The games are monetized from ads or virtual goods purchased through Heyzap technology. Heyzap will use the funding to expand from 10 employees to about 15 to 20 employees. Heyzap previously raised $650,000 from Union Square Ventures, Ravikant, and Joshua Schachter. [VentureBeat]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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