Popular online golf game World Golf Tour has raised $10 million in a third round of funding, which the company says demonstrates that “investors believe online sports to be a big growth area.” Have to say, however, that it’s been rare lately to see stand-alone game sites like World Golf Tour raise rounds; most of the cash being invested in the gaming space right now is going into startups that have built their games on top of social networks.
Granted, even World Golf Tour isn’t completely immune to the craze. CEO Yuchiang Cheng tells Venturebeat that the company will use some of the new cash to launch a basic version of its game on Facebook—although he emphasizes it’s designed to be a marketing channel for the game website.
The funding brings World Golf Tour’s total backing to more than $20 million. The startup had most recently raised a round in the “double digit” millions in May 2008 from Panorama Capital and Battery Ventures. This round is coming from JAFCO Ventures.
21 Comments
May 5, 2010
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May 23, 2010
In June, GameStop Corp. announced the opening of new locations in Canada, Italy, Norway, Portugal, Spain and Sweden, placing its international store count at more than 1,000.
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May 23, 2010
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May 24, 2010
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May 25, 2010
In June, GameStop Corp. announced the opening of new locations in Canada, Italy, Norway, Portugal, Spain and Sweden, placing its international store count at more than 1,000.online fax
May 27, 2010
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May 30, 2010
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May 30, 2010
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June 21, 2010
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June 27, 2010
...wow is anyone here commenting on the actual article? XD I don't care if people put their links, I put my warrior cats link. It's just they should also make a relevant comment. It's the least you can do in return. anyways....playing online sports has nothing to do with the muscles you use playing the real thing! Though I played a lot of online pool and it actually did help me in real pool. That was yahoo games and what I like about this online golf game is that it seems to be making it as an independent game site which is harder and harder to do. We should be leery of the trend towards online games becoming more and more heavily dependent on social networking sites {well almost always Facebook} just to succeed. The entrepreneurial aspect of the Internet is slowly fading.
June 29, 2010
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July 19, 2010
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