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PopCap lines up $22.5 million worth of jewels
Posted by Brier Dudley
Seattle casual games leader PopCap Games today announced that it took its first funding round, raising $22.5 million from Meritech Capital Partners, Larry Bowman and John McCaw.
Bowman previously bought shares of the company from PopCap founders and McCaw has a few connections in the wireless phone business.
The funding is for "operational purposes, including working capital and potential acquisitions," the company said in the release.
"We're excited to have additional working capital that lets us be more aggressive with our expansion into social media and reaching new geographies," Chief Executive David Roberts said in the release.
PopCap was started in 2000 and now employs 240 at headquarters in Seattle and offices in San Francisco, Dublin, Shanghai, Chicago and Vancouver, B.C. The company says its games have been downloaded more than 1 billion times and its breakout hit "Bejeweled" sold more than 25 million copies.
UPDATE - 7:02 PM
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