NeoEdge Networks Obtains $3,000,000 New Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=22f9272f-c72a-425a-978a-e3f9d77fac57&Preview=1 -
Date
12/21/2010 -
Company Name
NeoEdge Networks -
Mailing Address
45 Broadway Street San Francisco, CA 94111 -
Company Description
NeoEdge is setting out to supercharge the video gaming industry by helping game developers and consumer services offer ad-supported video gaming to consumers. NeoEdge believes in providing consumers choice – to either purchase games without advertisements or to experience free, unlimited game play supported by advertising. The company works in close partnership with publishers, advertisers and consumer portals to offer unlimited, free play of unlocked video games and monetizes the hours of play with ads. -
Website
http://www.neoedgenetworks.com -
Transaction Type
Debt -
Transaction Amount
$3,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
Proceeds from the funding will be used to expand their national sales team and to drive innovation in the social games space with new ad products that will gamify advertising and provide unique monetization services for developers. -
M&A Terms
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Venture Investor
MMV Financial
