RockYou Announces Additional $17 M Investment

Nov 04, 2008


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RockYou, a creator and distributor of applications on the social web, announced an additional $17M in investments from Softbank, leading shareholder of Yahoo! Japan, and SK Telecom Ventures, the venture capital arm of SK Telecom. In June of 2008 RockYou announced an initial C Round investment of $35M, led by DCM; this strategic round brings the company's funding to a total of $67M. The combined strategic financing will enable RockYou to extend their presence in the Asia-Pacific market. SoftBank and RockYou will also set up a new joint venture company that will develop widget and application products and services for use on PCs and mobile devices in the Asian market.

(http://rockyou.com, www.softbank.co.jp/en/index.html, www.sktvc.com)