Kabam Wins $30M

1/20/11Follow @wroush

Kabam, a Redwood City, CA-based maker of massively multiplayer social games that has been called the “anti-Zynga,” said today that it has raised $30 million in new venture financing. New investors Redpoint Ventures and Intel Capital led the round, which was joined by Kabam’s initial funder, Canaan Partners. “Kabam has pursued a distinctly different strategy than other social game companies,” CEO Kevin Chou said in a statement. “Rather than target ‘casual’ players, we are focused on creating a new segment of games that appeal to a more core gamer demographic…Our market success to date demonstrates that our strategy of creating this new segment of massively multiplayer social games is really resonating with players. This infusion of capital enables us to further our aggressive growth plans as we continue to hire the industry’s best engineering and creative talent and seek appropriate acquisition and partnership opportunities in the technology, team, and product areas.”

Wade Roush is a contributing editor at Xconomy. Follow @wroush

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