Games - Thursday, January 10, 2008
Gamers' Paradise Outspark Raises $11M More
Where have all the Yahoo!s gone? Well a number are heading up Oustpark, which operates a virtual playground for the online gamer community. It also publishes casual games from global game developers.
We learn that Outspark has raised $11M from Tencent Holdings (owner operator of a large Chinese portal and instant messaging service. Existing investors DCM and Altos Ventures are back as well. The money shot in the announcement is that Outspark has drawn 1M users in its first 5 months.
Outspark plans to make a living through the use of "SparkCash" which can be used to buy in-game power ups, and pets.
How Outspark is spending its VC - spendy launch parties!
Read - Gamasutra interview
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