Berlin, Germany – SponsorPay, the provider of a virtual
currency monetization platform in Europe, announced
on Wednesday that it has raised $5 million in its first round of funding, led
by Hasso Plattner Ventures.

Previous backers Team Europe Ventures and Kite
Ventures also participated in the round, proceeds from which will be used to
accelerate growth in international markets.

Founded in 2009, Berlin-based
SponsorPay says it works with all major Europe-based online game publishers,
and plans to expand to work with at least half of the largest U.S.-based
publishers by the end of the year.

The company’s virtual currency platform now
serves local advertising offers to over 150 million users in more than 100


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