Social gaming company CrowdStar sets up its own seed fund, after it secured backing from Intel Capital, Time Warner and The9.
US-based social gaming developer CrowdStar has launched a $10m corporate venturing fund to invest in start-up gaming companies only two months after securing its own $23m series A round.
CrowdStar’s StarFund will provide up to $250,000 to other games developers for their mobile products.
CrowdStar raised $23m in May from corporate venturing units from US-listed chip company Intel, US media company Time Warner, China-based online game developer The9 and NV Investments, which is businessman Aviv Nevo’s venture capital firm. CrowdStar…
