Social Game Developer SGN Raises $15 Million Series A

Leading Facebook game developer and game network SGN has announced its Series A financing this morning. The company has closed a $15 million Series A round from Greylock Partners, Founders Fund, Columbia Capital and Novak Biddle Venture Partners. This huge round comes as the company is fiercely battling also-well-funded Zynga and recently-funded Serious Business for early leadership in the "social gaming" market. "This funding is indicative of how SGN is poised to dramatically impact the future of gaming platforms on the social web. Our focus and drive is to develop a dynamic and flourishing ecosystem for gaming on the web and continue to be the obvious choice for game developers who want to create social games that engage millions of users on the social networks and beyond," said Shervin Pishevar, CEO of SGN. With over 50 million installs and 800,000 active users, SGN has established itself as a leading social game developer, and is actively expanding its social game network to help developers share traffic and grow. The funding marks Founders Fund's second bet in the social gaming space. FF has also reportedly invested in Facebook game developer Alamofire, makers of the popular game PackRat. Justin Fishner-Wolfson reportedly led the deal for Founders Fund. "SGN has proven itself as a leading innovator in the social gaming space. Their strong leadership team and unmatched portfolio of games will allow them to continue to build upon the platform they have in place. SGN is uniquely positioned to work with developers who want to create a richer gaming experience for social networks and the social web," he said in the announcement. We'll continue to track every investment in the space - the market is certainly heating up. (Disclosure: SGN is an advertiser on this blog.)

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Social Game Developer SGN Raises $15 Million Series A - VC's Hot on Social Gaming

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