[*NEW*: Want new players, revenue for your online game? Check out our Game Advertising Online network - 2 billion ads per month at inexpensive CPC rates!]

« EA Need for Speed MMO Beta Launched | Main | EA Exec Steven Chiang Joins Zynga »

Wednesday, March 17, 2010

Playdom Invests $5M In Argentinian Dev MetroGames

Mobsters developer Playdom has invested $5 million in Metro Games, a social gaming studio headquartered in Buenos Aires, Argentina. With the financing, Playdom's CEO John Pleasants joins the company's board of directors.

Playdom describes the Argentinian developer as "promising" and expects "explosive growth" from the company. MetroGames intends to use this Series A investment to expand its pipeline of games and to continue work on its Metrogames.com social gaming platform.

MetroGames has released more than 30 titles on Facebook, including games like Music Challenge, Waka Waka, Pixel Ranger, Word Island, and several others. The developer says it plans to put out 'many more" titles in 2010.

Since receiving $43 million in Series A funding last November, Playdom has opened its wallet to fund "aggressive plans to expand [its] social gaming footprint in 2010", including its acquisitions of Green Patch (Lil Green Patch), Trippert Labs (Fighter Jets), and most recently Offbeat Creations (Super Farkle).

"We are very confident MetroGames will become one of the world leaders in social gaming during this next wave of explosive growth in the industry," says MetroGames CEO Damian Harburguer. "We already have more than 30 games online across Facebook and our own social gaming platform and many more to be released during 2010. We are pleased Playdom has recognized our potential and chosen to invest in us."

Posted by Eric Caoili on March 17, 2010 10:00 AM |

Post a comment


If you enjoy reading GameSetWatch.com, you might also want to check out these CMP Game Group sites:

Gamasutra (the 'art and business of games'.)

Game Career Guide (for student game developers.)

Indie Games (for independent game players/developers.)

Finger Gaming (news, reviews, and analysis on iPhone and iPod Touch games.)

GamerBytes (for the latest console digital download news.)

Worlds In Motion (discussing the business of online worlds.)

Weekly Archive

WorldsInMotion.biz [Twitter / RSS feed] discusses the business of connected games - from social gaming through free to play games to core MMOs and beyond - and is created by the folks behind:



The next WiM-affiliated event is the major new conference:


...the must-attend event for social, online, MMO, and connected gaming -- Austin, TX, October 5th-8th, 2010.

Copyright © UBM Techweb