Dec
08
2008
PlaySpan Raises $16.8 Million to Build Out its Virtual Goods Payment Platform
Posted by: in World of Warcraft, tags: Advertisers, Capital Group, Easton, Excerpt, Free Games, Free Play, Game, Menlo, Money, New Games, Novel, Online Games, Payment Platform, Play Games, Random, Santa Clara California, Stic, Transaction SystemRandom Feed wrote an interesting post today on
Here’s a quick excerpt
Santa Clara, California - based PlaySpan, founded in 2006, has just raised $16.8 million Easton Capital Group, Menlo Mentures, Novel TMT Ventures, STIC and others, VentureBeat reports. The company plans to use the money to build out its virtual goods payment platform and transaction system for online games. Many new free-to-play games that have little or no advertisers or subscription are making their income by selling various items and in-game upgrades to players as they need them. The cost i
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