Here’s some happy news to end the week on: MegaZebra, a developer that specializes in social games, has raised a lot of money. Doughty Hanson Technology and Kizoo Technology Ventures announced yesterday that they’ve made a significant investment.
Unfortunately, the exact details haven’t been disclosed, so we can’t say convert the deal into a specific number of mansions or Ferraris.
Still, an official statement indicated that this was “a multi-million-euro investment,” which is pretty great.
The statement also said, “The capital will be used to accelerate the growth of the company, increase the number of staff and continue to provide high-quality social games. Sitar Teli from Doughty Hanson and Matthias Hornberger from Kizoo will join MegaZebra’s board.”
So developers should stay optimistic about getting big sums of money from interested parties, so long as they don’t mind giving up a little bit of control (or at least sharing profits) in return.