[Xconomy]

Between Turin and Force10, they raised over $630 million in venture capital. The company’s most recent round of funding was $30 million, which gave the company a valuation that is greater than $200 million.

Some of the previous investors in the company include Advanced Equities, Crosslink Capital, Meritech Capital Partners, DCM, Morgenthaler Ventures, New Enteprise Associates, Pacesetter Capital Group, RWI Ventures, Tudo Ventures, U.S. Venture Partners, and Worldview Technology Partners.

PapayaMobile Secures $18M Funding Round from Keytone Ventures and DCM

SAN FRANCISCO–(BUSINESS WIRE)–PapayaMobile (http://papayamobile.com), the leading social gaming network on Android, has secured $18 million in a round of Series B funding. The round was led by Keytone Ventures, a leading venture capital firm in China with a heavy investment focus on the mobile Internet industry (Analogix Semiconductor, Borqs), and DCM, a global venture capital firm with a strong investment focus on social networks and gaming (RenRen, Trion, RockYou, PlayFirst). PapayaMobile’s latest funding will help expand the growing PapayaMobile developer ecosystem in both the U.S. and Europe, while strengthening the portfolio of PapayaMobile products. PapayaMobile hosts mobile games on its social network comprised of over 15 million users and offers mobile developers the tools to build high quality social gaming experiences with access to the most comprehensive social graph for gaming on Android & iOS.

“Since launching our Papaya gaming platform last year, we have had over 350 applications integrated into our network, all of which have benefited from the viral capabilities of our social graph,” said Si Shen, CEO and Co-Founder of PapayaMobile. “As our momentum on Android continues to grow, our latest funding from Keytone Ventures, an expert in the Chinese mobile market, and DCM, a pioneer in the gaming and social network investment space, will help us continue to expand our social network across the globe.”

“Android growth in China over the next 2 years will be staggering,” said Joe Zhou, Founder and Managing Partner of Keytone Ventures. “Couple this growth with the monetization potential of mobile games in China and we believe PapayaMobile is well positioned to be the leader in social gaming platforms for the largest mobile market in the world.”

“Since our initial investment in PapayaMobile in 2010, we have seen the Papaya gaming network grow into a thriving, highly engaged, monetizable community on Android,” said Hurst Lin, General Partner at DCM. “DCM is a global venture capital firm with $2 billion under management. We are committed to continuously investing in the Android ecosystem and PapayaMobile as a leading platform in this system.”

PapayaMobile has experienced over 375% growth in its user base since opening its social gaming network in June of 2010. Growth has primarily been driven through games that have integrated either PapayaMobile’s Social SDK or Papaya Game Engine. With offices in Beijing, San Francisco, and London, PapayaMobile expects growth to accelerate even further throughout 2011 as Android continues to gain momentum in Western markets and China.

About PapayaMobile

Founded in 2008 by CEO Si Shen and CTO Qian Wenjie, PapayaMobile provides both tools for game developers and content for players on its growing social mobile network of over 15 million users worldwide. With headquarters in Beijing and offices in San Francisco and London, PapayaMobile offers developers a fast and easy way to reach millions of users across the globe and improve their return on investment for Android game development. Players can participate in high quality social mobile gaming experiences with rich community interaction across Papaya’s rapidly growing network of hosted games. http://papayamobile.com/

About Keytone Ventures

Keytone Ventures is a venture fund founded by three successful venture capitalists, Joe Zhou, Stella Jin and Peng Jin, in early 2008. Keytone Ventures currently manages over $400 million capital. The three partners were former Founding Managing Partners at KPCB China and Partners at IDGVC. In the past 10 years, Keytone team members led some of the most successful exit track records in China, including Shanda (“SNDA”), Acorn (“ATV”), Global Education (“GEDU”) and 3721. Many of our portfolio companies present unique technology opportunities and innovative business models, and have strived to become dominant industry leaders in China, such as IZP, Travelzen, China Special Article Logistic, Lattice Power and Borqs.

Keytone targets early-stage and early-growth-stage companies and primarily identifies investment opportunities in technology, clean technology, consumer services, media and advertising. Keytone is committed to building industry-leading companies and partnering with world-class entrepreneurs.

About DCM

DCM is an early-stage venture capital firm that has been helping entrepreneurs build world-class technology companies since 1996. The firm’s partners manage six funds totaling $2 billion, and have made investments in more than 140 technology companies across the United States and Asia. With offices in Silicon Valley, Beijing and Tokyo, DCM provides hands-on operational guidance and a vast network of business and financial resources to its portfolio companies globally. DCM’s portfolio-company investments have resulted in a large number of successful exits including 21 IPOs on eight major exchanges, and 15 acquisitions since inception. Recent successes include three new China-based IPOs: BitAuto Holdings (NYSE: BITA, Nov 2010), E-Commerce China DangDang Inc. (NYSE: DANG), and Shanghai Luxin (SZSE: 002565) in addition to Neutral Tandem, a startup funded by DCM in 2004 that traded at a market cap of over $1B on the NASDAQ in 2009, and VanceInfo, recently ranked the number one performing stock by Investor’s Business Daily.

DCM’s notable gaming and entertainment companies include: Outspark (casual online game publisher), Pandora.TV (Korea’s leading Internet video site), PlayFirst (casual online game publisher), RockYou (provider of applications and widgets on the web), Tonchidot (Japan’s leading augmented reality application), and Trion Worlds, Inc. (publisher and developer of games and original entertainment).

[VentureBeat]

Bill.com has raised $8.5 million from August Capital, DCM, and Emergence Capital recently.  David Hornik of August Capital will be joining the Bill.com Board of Directors as part of this round of funding.  Thus far, Bill.com has raised a total of $17 million.    Bill.com acts as a collaborative online bill payment for businesses.

Bill.com has software that encourages businesses to eliminate filing bill paper documentation.  Large businesses usually have to managers approve large bills and then the finance department has to approve of them.  Bill.com software makes this whole process available online.  Bill.com accepts faxed bills and then they scan them and e-mail it to people that need to approve the documentation.

Bill.com also uses OCR to enable searching for documentation later on.  The base fee of one user for Bill.com is $24.99 and each user after that is $9.99.  Each check payment has a small fee attached for Bill.com as well.  According to Bill.com’s VP of Marketing Jeff Schultz, businesses are saving as much  as 50% in the amount of time taken to pay bills.

René Lacerte founded Bill.com in 2007.  The company presented at the DEMO conference and won the DEMOgod award.  The company was originally called CashView.  Lacerte had previously built a company called PayCycle, which was bought out for $170 million by Intuit last month.

“DCM believes that RockYou will be the catalyst of this new global ecosystem that delivers next-generation advertisements through its innovative advertising network and social applications,” stated co-founder of DCM, David Chao. “With the current momentum, RockYou is positioned to become a top-10 Internet property in the world in the near future.”

RockYou! will use the funding to grow their team and to create more applications.  RockYou! receives roughly 87.5 million unique monthly visitors and 2.7 billion page views.  RockYou! uses Google OpenSocial to spread their applications across Hi5, MySpace, and Orkut. 

“RockYou is incredibly proud to announce our funding, and are very pleased to be able to work with DCM and be a part of their impressive portfolio. RockYou is entering into a very exciting time both with the applications we are developing, and also with the expansion of our social advertising platform,” stated Lance Tokuda, the CEO of RockYou!