Santa Clara, Calif. – PlaySpan, the operator of a virtual
currency platform for online games and social networks, announced on Thursday
that it has raised $18 million in its third round of funding.
and Softbank Bodhi Fund led the investment round; previous backers Menlo
Ventures, Novel TMT Ventures and STIC also participated.
Calif.-based PlaySpan powers monetization for more than 1,000 online games,
social networks and online videos, and also operates a pre-paid game card
The company, which has now raised $42 million to date, will use the
new funds to expand into Europe and Asia, and grow its publisher and user base.