Tech Company Financing Transactions
Virtual Gaming Worlds Funding Round
Virtual Gaming Worlds, based in Sydney, secured $2.6 million from private investors.
Transaction Overview
Company Name
Announced On
3/20/2013
Transaction Type
Venture Equity
Amount
$2,600,000
Round
Undisclosed
Investors
Proceeds Purpose
The company will use the new money mostly for team and development expansion; for finishing off elements of the Chumba World platform, like the option to create user-generated content; and for marketing. It will also go toward a casino license, so players in countries that permit online gambling can build, promote, and make money off their own virtual casinos once the game goes live sometime in August.
Company Information
Company Status
Out of Business
Industry
Digital Media & VR & AR
Mailing Address
Undisclosed
Sydney, 99999
Australia
Sydney, 99999
Australia
Phone
Undisclosed
Website
Email Address
Overview
Our unique online casino operation allows players to interact with one another via Social Gaming and Massively Multiplayer Online Game (MMOG) designs. We aim to attracting new mass market audience of online gamblers, particularly online computer game players, women and generation Y.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Tim Allison
Chief Executive Officer
Laurence Escalante
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