Free-to-play core gaming business Kabam, Inc. has acquired Vancouver-based Exploding Barrel Games, Inc. The terms of the deal were not disclosed. O’Melveny & Myers LLP represented Kabam on the deal. Kabam is currently backed by a number of Silicon Valley investors, including Google Ventures, Pinnacle Ventures, Performance Equity and SK Telecom Ventures.
You are browsing the archive for Kabam - peHUB.
Canaan Partners, the international venture capital firm, has raised $600 million for its ninth VC fund. According to a statement from the firm, the fund will be split among Internet and tech investments and healthcare, life sciences and biotech deals in the US, India and Israel. Additionally, Canaan will have a small personnel shakeup as [...]
Google’s latest and greatest acquisition is its $12.5 billion buy of Motorola, incorporating into its stable a major handset maker and patent library that transcends the company’s long-held advertising and search business model. But how many other sectors is the search giant planning to enter? Well, just take a look at Google Ventures’ portfolio, and [...]
Redpoint Ventures’ Menlo Park offices must be an awfully happy place to have been these last 12 months. The VC has racked up billions of dollars’ worth of IPOs, sales to strategic buyers and even launched itself into a handful of new investments as of late. Some of its deals—like eye-popping multiples on Cloud.com, or [...]
You might hear many VCs say that investing in social games has hit its peak and the time is right to look elsewhere for ways to make money. That’s not to say there won’t be more deals of games makers, particularly later-stage companies. The evidence is Kabam’s Series C round of financing in January, which [...]
Kabam raised $30 million in series C funding and plans to use the capital for its growth plans. Redpoint Ventures of Menlo Park, Calif., and Intel Capital of Santa Clara, Calif., led the round. Additional funding came from original investor Canaan Partners. Kabam is a Redwood City, Calif.-based leading developer of multiplayer social games. Canaan of Westport Conn, incubated Kabam in its offices at the seed stage.
In the parlance of the Silicon Valley tech community, Kabam performed a pivot more than a year ago when it changed its name and its business plan. The move seems to have paid off. The Redwood City, Calif.-based company, which had two dozen employees a year ago and now boasts about 250, announced it raised [...]