Playdom, a Mountain View, Calif.-based social gaming company, has invested $5 million into Argentina-based social gaming company MetroGames. Playdom last year raised a $43 million Series A round at around a $300 million post-money valuation, from New Enterprise Associates, Lightspeed Venture Partners and Norwest Venture Partners.
MetroGames, a promising social gaming company headquartered in Buenos Aires, Argentina, announced today that it has closed a USD$5 million investment from Playdom as part of MetroGames’ Series A financing. The investment will be used to expand MetroGames’ pipeline of games and continued development of its Metrogames.com social gaming platform.
“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. We already have more than 30 games online across Facebook and our own social gaming platform (www.metrogames.com) and many more to be released during 2010. We are pleased Playdom has recognized our potential and chosen to invest in us,” said Damian Harburguer, CEO of MetroGames.
In conjunction with this financing, MetroGames has added John Pleasants, Playdom’s CEO, to its Board of Directors. Pleasants joins MetroGames’ existing board members CEO & founder Damian Harburguer, and COO & founder Julian Lisenberg.
“We are really excited to partner with such a promising company,” said Pleasants. “MetroGames has a proven track record for developing very appealing social games, so we are convinced that with Playdom’s help they will become a big player in the social gaming market.”