Blog Post

Social Game Developer Vostu Raises $30 Million

In the latest sign of the huge interest in social games among investors, Vostu, a Brazilian social game developer which is known for its popular titles on Orkut, has raised $30 million. The WSJ says in its report that Accel Partners and Tiger Global Management participated in the funding round. Both of those firms have invested in some of the sector’s success stories; Tiger Global backed Zynga last December, while Accel was a major investor in Playfish, which was bought by Electronic Arts (NSDQ: ERTS) a year ago.

Vostu’s titles have more than 20 million active users. By contrast, Zynga, which dominates the overall social games market, has about 195 million, although it doesn’t have any titles on Orkut, which is the top social networking site in Brazil. Like Zynga, Vostu has both a farm-related game (“MiniFazenda”) and pet game (“PetMania”) in its line-up.

Vostu’s CEO tells the WSJ that the company is profitable and will use the new cash to expand in Brazil. We’ve asked Vostu for some additional details about this funding round and will update when we hear back.