Redwood City, Calif. – In one of the largest-ever funding rounds for a gaming company, Kabam, a publisher of massively multiplayer social games, said on Thursday it has raised $85 million in its fourth round, co-led by Google Ventures and Pinnacle Ventures.
Performance Equity and SK Telecom Ventures, as well as previous backers Canaan Partners, Redpoint Ventures and Intel Capital also participated in the round, which increases the five-year-old company’s total funding to $125 million.
Only Zynga has raised a larger round, among U.S. gaming companies.
“This round of funding enables us to build long term franchises and invest in amazing gaming experiences for our customers,” said CEO Kevin Chou. “We have a full pipeline of games.”
Kabam focuses on creating social games for traditional “hardcore” console and PC gamers, combining the immersive gameplay of massively multiplayer online games with the social connectivity and interaction of social games.
The Redwood City, Calif.-based company, which has grown from 25 to over 400 employees in the past 16 months, is the publisher of such Facebook games as Kingdoms of Camelot, Dragons of Atlantis, Glory of Rome and Global Warfare, and plans to release at least five new titles by the end of this year.
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