Widget maker RockYou seeks up to USD15m in additional funding

Widget maker RockYou is looking to raise between USD5m and USD15m in additional funding to top up the USD35m raised last week, says Silicon Alley Insider. The tech blog reports that the Series C round that RockYou just closed was oversubscribed, leading some executives to seek an additional round.

RockYou CTO Jia Shen dismisses concerns that Facebook’s much-anticipated revamp will curb the development of new apps. The exec is confident that, even if RockYou’s app output should slow down, the firm would continue to attract advertisers.

Meanwhile, the firm is in the process of doubling its staff to around 100 and moving its headquarter from San Mateo to Redmond.

RockYou raised USD35m in a round of funding led by DCM earlier this month. Lightspeed Venture Partners, Partech International and Sequoia Capital are among the returning backers that also took part in the round. Last month it was reported that RockYou was seeking to raise USD70m and talking to investors about a possible buyout.

Published by Reinout te Brake

Reinout is a games investor and strategic business consultant specializing in the games industry. Reinout established his credentials through his own successful investments, start-ups, consulting and (advisory) board positions that led through time to strong bonds with key stakeholders in this fast paced industry. He is known for his outstanding results in the gaming industry. He has worked with many game studios around the globe and is therefore well known in the international gaming industry. Check out his games podcast; https://www.game-consultant.com

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