Widget Maker RockYou Adds $17M To Fund Asian Expansion

Vasanth Sridharan | November 3, 2008 12:20 PM

RockYou.jpgApp maker RockYou added $17 million to their Series C round with funding from SoftBank and SK Telecom Ventures. The company is using the money to move further into Asia – expanding their development on Chinese social network Xiaonei (the biggest social net in China), and, with SoftBank, starting a JV to develop widgets and apps for PCs and mobile devices in Japan, Korea, Russia, and China.

The company is also going to expand its offices in the States – opening offices in New York, Los Angeles and Detroit. RockYou has raised a total of $67 million.

See Also:
Facebook Apps Users: Worth 12x More Than Last Year
App-Maker RockYou: We're Not Done With Facebook (And We May Be Raising More Money)

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8 Comments

geewhiz said:
Are these investors crazy?
clickbot said:
It's a hail mary -- there's zero chance they can exit in the next x months if they do nothing, but maybe epsilon in the next x/2 if they do this.

I think digg is doing this too.
insider said:
guess the VCs are looking to draw down and deploy their funds -- and harvest their fat management fees -- before their LPs stop answering capital calls
Azmo said:
I guess you commenters are all knowing when it comes to all these startups. They may be on to something - just possibly. It could be the distributed media network model that is getting play here and success with their current brand advertisers.
clickbot said:
@Azmo -- and monkeys might fly out of my butt.
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Dtownie Detroit blog (URL) said:
Yay Detroit expansion. Detroit makes sense for any company in the music industry but what is this Web 2.0 company planning on doing in their Detroit office?

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