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Games - Thursday, May 1, 2008

Bezos Puts $3M Into Online Gaming's Kongregate

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Amazon's Jeff Bezos' VC arm has made a few investments recently including TeachStreet, ChaCha and Pelago. Now he has put $3M into Kongregate.

We have covered Kongregate in the past and think they have tremendous promise as they have won a strong following of developers. And users are locked in. According to comScore’s February report, Kongregate users stay on the site an average of 59.3 minutes per day and play more than 4 games at a time. Other data points that they release: the site gets over 3M monthly unique visitors. With a monthly growth rate over 25%. Kongregate says it expects to reach more than 10M unique visitors by the end of 2008.

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The most popular game on the site, Desktop Tower Defense, has been played more than 2.6M times.


Kongregate Games Sampler

Prior investors include Greylock Partnersand angels Reid Hoffman, Joe Kraus, Jeff Clavier; and Richard Wolpert.

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