Tech Company Financing Transactions
Newgrounds Funding Round
Newgrounds, based in Glenside, scored $17.5 million in investment from Versant Ventures.
Transaction Overview
Company Name
Announced On
9/30/2012
Transaction Type
Venture Equity
Amount
$17,500,000
Round
Undisclosed
Investors
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Private & Independent
Industry
Digital Media & VR & AR
Mailing Address
323 W Glenside Ave.
Glenside, PA 19038
USA
Glenside, PA 19038
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Newgrounds.com, the large Flash games and animation site that spawned Alien Hominid, has been accepting user-produced submissions since 1999. That it has been quietly spearheading for eight years what is only now being trumpeted about in the mainstream media is indicative of how overlooked the Flash games scene is.
Management Team
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