Pulse2 Technology and Social Media News » GameGround http://pulse2.com Sat, 26 May 2012 21:27:32 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Gaming Achievement and Rewards Company GameGround Raises $5.3M Series B http://pulse2.com/2010/11/18/gaming-achievement-and-rewards-company-gameground-raises-5-3m-series-b/ http://pulse2.com/2010/11/18/gaming-achievement-and-rewards-company-gameground-raises-5-3m-series-b/#comments Thu, 18 Nov 2010 09:43:33 +0000 Amit Chowdhry http://pulse2.com/?p=38039 Continue reading →]]>
GameGround has raised $5.3 million in Series B funding from several VC firms. Based in New York, GameGround was founded by former MTV, Blizzard, and 888.com executives.

The GameGround application provides gamers with rewards, high score incentives, and even new missions for certain games. Currently games on the PC and Facebook are support, but GameGround plans on launching services for Xbox 360 in the near future.

The VC firms in this round of funding include Sequoia, Softbank, Vodafone Ventures, and Novel TMT Ventures.

[GamaSutra.com]

]]> http://pulse2.com/2010/11/18/gaming-achievement-and-rewards-company-gameground-raises-5-3m-series-b/feed/ 0 GameGround Raises $4.1 Million From Sequoia http://pulse2.com/2009/06/04/gameground-raises-41-million-from-sequoia/ http://pulse2.com/2009/06/04/gameground-raises-41-million-from-sequoia/#comments Thu, 04 Jun 2009 19:41:19 +0000 Amit Chowdhry http://pulse2.com/?p=16058 Continue reading →]]> gameground-logo
GameGround is a game expansion development company based in Israel.  Currently they do not have any published products and they are labeling themselves as being in alpha phase.  Despite the lack of a product to showcase, the company has raised $6.1 million already.  The latest round is $4.1 million from Sequoia.

GameGround was started in 2007 and was founded by Shaul Olmert, Guy Margolin, and Itzik Ben-Bassat.  The three of them have some sort previous history in game development.  Ben-Bassat used to work at Blizzard and Margolin worked at 888.com.  Olmert is a former MTV VP in their Digital Products division.

The basic idea behind GameGround’s product is that will serve as a “special agent for Mac and PC that can work with existing games to expand their online functionality, even after they’re released,” according to TechCrunch’s Jason Kincaid.

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