– World Golf Tour, the operator of an online golf game, has raised $10 million
in its third round of funding, led by JAFCO Ventures, VentureBeat reported.
investors, who include Panorama Capital and Battery Ventures, also
Founded in 2007, San Francisco-based World Golf Tour will use
some of the funds for expansion overseas, as well as to develop a version of
its online game for Facebook, CEO Yuchiang Cheng told VentureBeat.
free-to-play game, which counts around 500,000 active monthly users, generates
revenue through the sale of virtual items, like branded golf clubs and balls.