Kabam, a Californian developer of massively multiplayer social games formerly known as Watercooler, has raised $30 million in Series C funding in a round led by Redpoint Ventures and Intel Capital, with participation from original investor Canaan Partners (which incubated Kabam in its offices at the seed stage). The company, which was founded in 2006, says the additional capital will be used to expand its game studios. In addition, Kabam aims to produce a greater assortment of original and branded social games and explore targeted acquisitions similar to its purchase of WonderHill in October 2010.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/-ip2MEfWJyA/
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