PlaySpan Gets $6.5 Million Funding For Its In-Games Commerce Network

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PlaySpan, a Santa Clara, CA-based in-game commerce network, has received $6.5 million in its first round of funding, has learned. The round was led by Easton Capital, Menlo Ventures, STIC and Novel TMT Ventures. The company has not yet launched, but the site says it has signed up with seven MMOG publishers. It will try to become the official commerce provider for these game publishers, and avoid the controversies that companies like IGE (NYSE: GE) have been mired with. The company’s platform plans to enable commerce in MMO games (virtual trading) with other communication/social networking features.

The company was founded by Karl Mehta, previously a VP at MobileAria.

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Chandresh Shah

There's seems to be another player in the space – Live Gamer – started by some industry veterans. Looks like this market which was much ballyhooed a while ago is now about to take off.

Are there any other player in the "InGame" commerce?


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