RealTime IT News

Gamesville.Com Receives $14 Million in First-Round Financing

Game show site Gamesville.com Inc. said it has received over $14 million in its first round of venture capital financing.

Flatiron Partners was the lead investor, joined by Softbank Technology Ventures, Highland Capital Partners and General Catalyst Internet Partners. Gamesville.com 1.4 million registered visitors who play ad-backed, real-time, massively multi-player game shows and win prizes. Advertisers include Virgin Atlantic, eBay, J.C. Penney, Rolling Stone Magazine and SmithKline Beecham.

"The online game show space is red hot, and with this round of funding Gamesville.com will continue to lead this marketplace," said Steve Kane, CEO of Gamesville.com. "We will use the funding to aggressively market Gamesville.com and rapidly expand our audience, client base and product offerings."

As part of the investment, Gamesville.com has added Managing Partner Jerry Colonna of Flatiron Partners, General Partner Charley Lax of Softbank Technology Ventures and Managing Directors Brian Bedol and David Fialkow of General Catalyst Internet Partners to its Board of Directors.