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PlayStudios closes $20m financing round

24th October 2014 6:51 am GMT

MGM-backed social casino developer PlayStudios has raised a total of USD$20m in Series C financing through Palo Alto-based venture capital fund Jafco Ventures.

A number of the company’s existing strategic and institutional investors also participated in the fundraising, which will be used to underwrite the company’s growth and provide greater strategic flexibility as it continues to establish itself in the social casino market.

PlayStudios, which first launched its flagship myVEGAS product in December 2012, has expanded rapidly [...]

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