|
||
|
Venture capital firms and funds in Europe 128 Venture Capital Group 3i Venture Capital Accuitive Medical Acer Venture Capital Act Venture Capital Ltd Adelaide Venture Capital Email ADS Ventures Boston Advantages Of Venture Capital Advent Venture Capital Agio Capital Alabama Venture Capital Alaska Venture Capital All Stages Venture Capital American Venture Capital Analysis Venture Capital Analyze Venture Capital Angel Capital Appraisal Venture Capital Arch Venture Capital Argentina Venture Capital Arizona Venture Capital Arkansas Venture Capital Arrowpath Venture Capital Assess Venture Capital Assessment Venture Capital Atlas Venture Capital ATV Venture Capital Aurora Fund Australia Venture Capital Austria Venture Capital Automotive Venture Capital AZ Venture Capital VCgate More Venture Capital Terms and Topics
-
Woozworld raises $6 Million for Mobile Tween Application
September 12th, 2011 No comments
Woozworld, the Montreal based company, has announced the end of newest funding round, which has brought the company an amount of $6 million. This funding round has been led by Telesystem and iNovia Capital, but also from some anonymous angel investors. As a result of this funding round, Bernard Gershon, the former General Manager and Senior Vice President of Disney, has joined the company’s board of advisors. Woozworld is a massive multiplayer user-generated social game for tweens (children aged between 9 and 14). The chief executive of the company, Eric Brassard, declared that the goal of the company is that of turning Woozworld into the safest destination of tweens.
Eric Brassard, the company’s President and CEO, declared: “Since Woozworld first launched, our main objective has been to make it the number-one safe destination, where tweens can creatively feed their imagination and innate desire to behave like young adults. The new funds will allow us to enhance Woozworld’s already highly successful formula both online and, moving forward, on the mobile.”
The company announces that the money gathered in this funding round is going to be used in order to expand Woozworld to mobile platforms and in order to boost its online marketing strategy. During the last 18 months, the users of the site have registered more than 7 million avatars and have built more than 14 million virtual spaces, which indicate the fact that there is a great demand for the product. Tweens access the Woozworld site in order to have the opportunity of creating their own worlds to develop virtual businesses such as restaurants or games. Based on this product, the company attracts more than 15 million unique visitors a month, which come from 180 countries. The company also has 76 million page views per month and data shows that the user base has increased three times during the previous six months. Data also indicates the fact that active users are spending an average of more than 70 minutes per day on the site.
Francois-Charles Sirois, the President of Telesystem, one of the funding ventures, stated the following: “We’ve been extremely pleased to see the progress that Woozworld has made in the last year. Woozworld is already considered a success but we believe with Woozworld’s phenomenal growth and their upcoming features, technology and offerings, Woozworld will surely become the leader in the tween virtual world industry.”
The company intends to use all its forces in order to maintain Woozworld a safe gaming environment for children, which parents can trust. The firm provides interactive games which allow members to play and also learn from the experience. All information to be given to the site is protected and the entire policy of the company is strictly following the Children’s Online Privacy Protection Act. Parents are encouraged to let their children play on Woozworld as this will keep them in a safe and educational environment. They will learn the principles of business and will be able to use their knowledge of the world in order to generate a virtual world which they will lead.
Leave a reply
Latest Headlines:
Friday August 31, 2012
Zscaler Secures $38 Million Investment Round
Wednesday November 30, 2011
Health Care Solutions companies Infinity Pharmaceutics, NanoVobronix and Selventa raise funds.
Monday November 21, 2011
Panda Power opens $420 Million Fund for Solar and Natural Gas Projects
Thursday November 17, 2011
Better Place raises $200 Million for Electric Cars in the Series C of Funding
Wednesday November 16, 2011
Accel Partners raise $100 Million Big Data Fund to Invest in Hadoop, NoSQL and other Companies
Tuesday November 15, 2011
Skimlinks raises $4.5 Million to help Bloggers Increase their Gains
Monday November 14, 2011
Standing Cloud raises $3 Million to help New Cloud Providers grow Faster
Thursday November 10, 2011
Zillow acquires Diverse Solutions for $7.8 to help Real Estate Agents increase their Visibility