RockYou Receives Additional $10 Million in Funding from SoftBank
Poster: SySAdmin
Posted on June 7, 2010 at 7:21:02 AM
RockYou Receives Additional $10 Million in Funding from SoftBank
RockYou Acquires RockYou Asia to Further Extend its Leadership in Asia
REDWOOD CITY, Calif., June 7 -- RockYou, the leading innovator, creator and distributor of social experiences across social networks announced today a $10 million round of funding from SoftBank and the acquisition of a majority of the shares in its joint venture, RockYou Asia.
The $10 million round of funding from SoftBank follows a $50 million Series D funding from SoftBank in November of 2009 and further demonstrates SoftBank's commitment to social networking and to RockYou's unique role of engaging the world through social media. This funding round brings RockYou's total financing to $127 million. Other investors in RockYou include Sequoia Capital, Lightspeed Venture Partners, Partech International, DCM and SK Telecom.
RockYou has been working with a number of game developers throughout Asia to monetize, license, and publish games globally. With RockYou Asia's success in Japanese, Korean, and Chinese social gaming, RockYou plans to further extend its leadership in Asia. "We've always been very excited about the Asia market and believe that the market for social applications will really heat up in the coming months. With the further alignment between RockYou and RockYou Asia we can have an increasingly significant impact on the Asia Social Gaming market and further engage the world through social media," says Jia Shen, Founder, RockYou.
About RockYou
RockYou is the leading innovator, creator, and distributor of content on the social web. With over 280M monthly users worldwide and 15 billion monthly global impressions, advertisers on the RockYou network have the ability to tap the social networking audience directly, through timely and effective campaigns. RockYou provides customized, one-of-a-kind branding and promotional opportunities for leading brands through a large repertoire of products including IAB compliant Standard and Premium Banner Placements, Deal of the Day ads, and other custom application-integrated solutions. Headquartered in Redwood City, California, RockYou is funded by Sequoia Capital, Partech International, Lightspeed Venture Partners, DCM, SK Telecom Ventures and SoftBank. For more information, please visit http://rockyou.com/corp/about.php
About RockYou Asia
RockYou Asia is a social and mobile application developer providing casual and easy-to-use entertainment tools and social applications designed to promote interactive communication among friends - to users in Asian Countries. Games include RockYou Battle Monsters, Umajin RockYou, Usaru Biyori, Crime World, Hug Me, and Speed Racing.
Contact:
Arisa Amano
RockYou
pr@rockyou.com
Susan Yin/Wendy Zaas
310-854-8122/310-854-8148
syin@rogersandcowan.comwzaas@rogersandcowan.com
Source: RockYou
CONTACT: Arisa Amano of RockYou, pr@rockyou.com; or Susan Yin,
+1-310-854-8122, syin@rogersandcowan.com, or Wendy Zaas, +1-310-854-8148,
wzaas@rogersandcowan.com, both for RockYou
Web Site: http://rockyou.com/corp/about.php
RockYou Acquires RockYou Asia to Further Extend its Leadership in Asia
REDWOOD CITY, Calif., June 7 -- RockYou, the leading innovator, creator and distributor of social experiences across social networks announced today a $10 million round of funding from SoftBank and the acquisition of a majority of the shares in its joint venture, RockYou Asia.
The $10 million round of funding from SoftBank follows a $50 million Series D funding from SoftBank in November of 2009 and further demonstrates SoftBank's commitment to social networking and to RockYou's unique role of engaging the world through social media. This funding round brings RockYou's total financing to $127 million. Other investors in RockYou include Sequoia Capital, Lightspeed Venture Partners, Partech International, DCM and SK Telecom.
RockYou has been working with a number of game developers throughout Asia to monetize, license, and publish games globally. With RockYou Asia's success in Japanese, Korean, and Chinese social gaming, RockYou plans to further extend its leadership in Asia. "We've always been very excited about the Asia market and believe that the market for social applications will really heat up in the coming months. With the further alignment between RockYou and RockYou Asia we can have an increasingly significant impact on the Asia Social Gaming market and further engage the world through social media," says Jia Shen, Founder, RockYou.
About RockYou
RockYou is the leading innovator, creator, and distributor of content on the social web. With over 280M monthly users worldwide and 15 billion monthly global impressions, advertisers on the RockYou network have the ability to tap the social networking audience directly, through timely and effective campaigns. RockYou provides customized, one-of-a-kind branding and promotional opportunities for leading brands through a large repertoire of products including IAB compliant Standard and Premium Banner Placements, Deal of the Day ads, and other custom application-integrated solutions. Headquartered in Redwood City, California, RockYou is funded by Sequoia Capital, Partech International, Lightspeed Venture Partners, DCM, SK Telecom Ventures and SoftBank. For more information, please visit http://rockyou.com/corp/about.php
About RockYou Asia
RockYou Asia is a social and mobile application developer providing casual and easy-to-use entertainment tools and social applications designed to promote interactive communication among friends - to users in Asian Countries. Games include RockYou Battle Monsters, Umajin RockYou, Usaru Biyori, Crime World, Hug Me, and Speed Racing.
Contact:
Arisa Amano
RockYou
pr@rockyou.com
Susan Yin/Wendy Zaas
310-854-8122/310-854-8148
syin@rogersandcowan.comwzaas@rogersandcowan.com
Source: RockYou
CONTACT: Arisa Amano of RockYou, pr@rockyou.com; or Susan Yin,
+1-310-854-8122, syin@rogersandcowan.com, or Wendy Zaas, +1-310-854-8148,
wzaas@rogersandcowan.com, both for RockYou
Web Site: http://rockyou.com/corp/about.php