German Games Developer Gets $24 Million Capital Boost From Highland Partners
German social gaming group Wooga boasts 30 million users worldwide.
COLOGNE, Germany - Wooga, a Berlin-based developer of games for online social networks such as Facebook, has received another tranche of venture capital funding, announcing a $24 million Series B investment led by PE group Highland Capital Partners. As part of the investment, Fergal Mullen, general partner at Highland, will join wooga's board of directors.
Tenaya Capital, Balderton Capital and Holtzbrinck Ventures were also part of this funding round. Balderton and Holtzbrinck ponied up some $7 million in capital funding for wooga in 2009. Wooga, set up in January 2009, already claims to be Europe's largest developer of online social games and boasts of 30 million active users worldwide. It's games, which include Bubble Island, Diamond Dash and Monster World, are free to play on Facebook and other social networking sites. Wooga makes its money charging for extra services and virtual goods used to play the games.