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PlaySpan Announces $16.8 Million in Series B Funding

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PlaySpan, Inc. announced $16.8M in Series B investment from Easton Capital Group, Menlo Ventures, Novel TMT Ventures, STIC and other undisclosed investors. This new capital brings the company's total funding to $24M. The new funding will be used to expand into Europe and Asia and to grow PlaySpan's global publisher and user-base.

The PlaySpan micro-transactions monetization platform integrates alternative payment options through its subsidiary PayByCash (TM). PayByCash's pre-paid ULTIMATE GAME CARD® extends the payment solution offline as it is available in 20,000 retail locations in North America and worldwide, including 7-Eleven, Blockbuster, Rite Aid and Wal-Mart stores and supports more than 200 online games.


The PlaySpan and PayByCash platform supports more than 200 games in aggregate from publishers such as Aeria Games, Eve Online, Gala-Net, GamersFirst, Gravity, Ntreev, Outspark, Saga and YNK and yet-to-be-announced publishers reaching over 100 million online gamers worldwide.

Source: Business Wire India

Comments (1)Add Comment
Things looking grim for PlaySpan
written by Neal, January 14, 2009
Layoffs have already started at PlaySpan. It's either a sign of poor money management or discrimination. Most of those laid off are over 40. If those laid off decide to file suit, there won't be any money left to mismanage.
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