New $33m investment for Playdom
Social gaming company gets cash boost from Disney's venture capital arm
Social gaming company Playdom has secured a new $33 million round in funding, attracting investment from Disney's Steamboat Ventures division.
As reported by website Tech Crunch, the Disney company generally only makes investments in companies of strategic interest to the parent company, although no announcement has been made of a partnership between the two firms.
Other investors included Bessemer Venture Partners and New World Ventures, whose contributions add to $43 million in investments last year.
During this time, the company has also appointed Yahoo and Microsoft veteran David Sobeski as its new chief technical officer.
Playdom operates the largest social gaming network on MySpace and is currently also focused on expansion on Facebook.