As well as Intel Capital as a new investor backing Kabam's $30m C round is venture capital (VC) firm Redpoint Ventures.

Kabam, a US-based developer of online games known as Watercooler until August, has raised $30m in its series C round from a consortium including Intel Capital, the corporate venturing unit of semiconductor company Intel.

As well as Intel Capital as a new investor backing Kabam is venture capital (VC) firm Redpoint Ventures.

Canaan Partners, a VC firm that incubated Kabam, also reinvested, although UK-listed gambling exchange Betfair was not mentioned.

Canaan and Betfair invested $5.5m in Kabam’s series B round…

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