German Social Gamer Wooga Gets VC Funds


A rare VC deal at the high of the summer investment lull: Berlin’s social gaming company Wooga (which stands for “world of gaming”) has received an unspecified amount of new money from Holtzbrinck Ventures, nine months after its launch. The company claims its Brain Buddies Facebook game reached 2.5 million users just five weeks after its launch on July 1, a figure that’s growing by 100,000 by the day. The money will go towards creating a raft of new games. Holtzbrinck is also an investor in StudiVZ, Germany’s largest social network, so there’s an obvious opportunity to link up its investments. Wooga says its funding proves online games is a “crisis resistant” sector; that may be over-stating it but there’s no doubt gaming — especially free gaming — is faring far better than most industries during the recession.

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