RockYou Spits in Recession's Face, Secures $17 Million in Funding

 By 
Stan Schroeder
 on 
RockYou Spits in Recession's Face, Secures $17 Million in Funding
Mashable Image
Credit:

This investment comes from Softbank, leading shareholder of Yahoo! Japan, and SK Telecom Ventures, the venture capital arm of SK Telecom; initial C Round investment of $35M was led by DCM. Put everything RockYou has amassed so far and you get an impressive number: 67 million dollars.

To put this into perspective, its competitor Slide raised $50M so far this year, Gigya raised $9.5 million in March, while Clearspring snagged $18M in May.

RockYou will use the funds on several fronts. First, they'll open offices in New York, Los Angeles and Detroit. Furthermore, they plan to expand into Asia-Pacific market; SoftBank and RockYou will set up a new joint venture company to develop widgets for use on PCs and mobiles in the Japanese, Korean, Russian, and Chinese markets.

The biggest stories of the day delivered to your inbox.
These newsletters may contain advertising, deals, or affiliate links. By clicking Subscribe, you confirm you are 16+ and agree to our Terms of Use and Privacy Policy.
Thanks for signing up. See you at your inbox!