Virtuos nets Series B funds from Xuhui Venture Capital

Game developer Virtuos has received Series B funding from Xuhui Venture Capital. No financial terms were disclosed. Also, VIrtuos has named Steven Chiang, former president of games at Zynga and Francois Candelon of Boston Consulting Group to its board.


Nashville start-up Overdog picks up $1.8 mln

Overdog has raised $1.8 million in financing in a round led by Atlas Venture and Chicago Ventures. Other investors included Zynga co-founder Mark Pincus, United Talent Agency and Mountain Group Capital. In conjunction with the funding, Chicago Ventures’ Stuart Larkins has been added to Overdog’s board of directors. Based in Nashville, Overdog is a console matchmaking app developer.


peHUB First Read

First Read has a lot of turmoil to report about in the world today and how markets are reacting (not good), but perhaps even more shocking: 7-Eleven has a venture arm, and how to use your cat to hack your neighbor’s WiFi


LVP launches seed fund targeting European digital game startups

London Venture Partners said Tuesday that it has launched its first seed fund focused on European digital game startups. No financial terms were disclosed. The pool’s LPs include Nexon, Wargaming and Zynga CEO Don Matrick. According to an LVP source, the fund is planning on making 20 to 25 investments.

Boxed picks up $6.5 mln

Boxed said Tuesday that it has received $6.5 million in Series A funding. Greycroft Partners, First Round Capital and Signia Venture Partners led the round with participation from ENIAC Ventures, Social Starts, BoxGroup, former Facebook COO Owen Van Natta and former Zynga COO David Ko. Boxed is a mobile commerce firm that provides discounts for warehouse club shopping.

First read sunrise

peHUB First Read

Kick off Thursday morning with the latest on Cerberus’ new fund; Zombies taking advantage of PE’s weakness and Yahoo’s acquisition of to-do app maker Astrid.


Zynga & NewSchools Venture Back San Francisco Ed Tech Accelerator

Zynga and the NewSchools Venture Fund joined forces Wednesday to unveil an ed-tech accelerator aimed at assisting young companies developing games to help students learn., the game maker’s non-profit arm, said it plans to invest $1 million in the effort in its first year

Zynga Gets a New CIO

Today, Debra Chrapaty, appointed Zynga‘s chief information officer in 2011, announced that she has left the company to join cloud-stage startup Nirvanix as CEO. As a result, Zynga has appointed longtime employee Dorion Carroll as CIO of the company. Carroll joined Zynga in 2009 as CTO of the popular game “Mafia Wars.” He was later promoted to CTO of Zynga’s Shared Technology Group and in October 2011 made the CTO of Zynga’s mobile efforts. Before joining Zynga, Carroll was the VP of engineering at the blog search engine Technorati.

new dawn

peHUB First Read

This morning check out eight examples of companies ruined by their founders, what the future holds for 4G, Zynga’s plans to make more and spend less and how much Think Big has secured from angel investors.

First read sunrise

peHUB First Read

This morning’s First Read brings you the latest venture deals, what ten big brands have plummeted in value and a McKinsey report predicting more doom and gloom for world banking.

Foundry Group Raises $225M Third Fund

The firm closed its third fund, which at $225 million is exactly the same size as its second and first funds. Foundry Venture Capital 2012 will follow the same strategy as the earlier funds, also.

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