Funzio, developer of games for Facebook and mobile, has secured $20 million in a Series A financing round led by IDG Ventures in the US and IDG Capital Partners in China.
Phil Sanderson, IDG Ventures Managing Director, will join the board. Rick Thompson, Playdom Co-Founder and Former Chairman of the Playdom Board, also participated in this round and serves as Chairman of Funzio’s Board.
Funzio’s flagship title Crime City, which will be available on mobile later this year, has more than 750,000 daily active users and more than seven million monthly players. Ken Chiu, the co-founder and CEO of Funzio was formerly the Co-Founder and CEO of Storm8, a social gaming company on the iPhone, and a General Manager at Zynga. The developer was formed by several social and mobile game developer veterans from Zynga and Storm8.
Speaking to ISG, Funzio President & COO Anil Dharni says that the company has already started work on two new games, at least one of which is due out “soon.” These games motivated Funzio to seek out funding so that they could hire enough staff to support development.
