Funding News: Oberon Media, Appssavvy
ADOTAS – Casual gaming firm Oberon Media has scored $20 million in additional funding from the Infinity I-China Fund. It will use the infusion to grow its mobile and casual gaming business.
appssavvy has secured $3.1 million in a Series A round of funding led by True Ventures. In addition to TRUE Venture’s investment, Scott Kurnit, founder of About.com and an investor and advisor at the cross-section of media and technology, also participated in appssavvy’s Series A investment round. Kurnit has worked at the highest levels of Warner, Viacom, News Corp., PBS, IBM and MCI.
“In less than a year, appssavvy has proven its business model ramping revenues quickly by connecting social media applications developers and publishers, including 15 of the top 25 applications, with leading brands and agencies,” said Chris Cunningham, founder and CEO of appssavvy. “We have and will continue to focus on the core assets to our business model of building-out a world class sales and marketing team; establishing relationships with social media application developers and publishers, and brands and agencies; and leveraging and developing tools and technologies specific to furthering the success of social media application marketing.”
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