Silicon Valley VCs playing games
We wrote recently about the infatuation Silicon Valley VCs have with social software companies. Turns out, VCs are also courting gaming start-ups. These two trends might have a connection. Games increasingly involve multiple players, and that means helping them communicate with each other. So social software might help fuel a new generation of games. Makes sense VCs would be interested in both. There's been a string of game deals recently, most notably the investment in Digital Chocolate by top-tier venture firms Kleiner Perkins Caufield & Byers and Sequoia Capital. Digital is led by Trip Hawkins, of Electronic Arts fame.
The most recent deal, announced yesterday, is a $6.5 million injection into San Francisco's Perpetual Entertainment http://www.perpetual.com .
Softbank Capital, Manitou Ventures, Mobius Venture Capital and Chengwei Ventures were among the main investors in Perpetual, which is developing multiplayer games for PCs and videogame consoles. The round is Perpetual's second. For more info on the deal, click on the following link, and scroll down.