Menlo Park, CA-based investment firm Doll Capital Management has announced seven startups that will receive the first round of money from its $100-million, Android-focused A-Fund, including mobile social gaming network PapayaMobile.
The news comes after Papaya recently passed 25 million users
for its Android-centered network and development platform, which had already secured $18 million in funding
earlier this year.
Also included in the new A-Fund funding are Beijing-based My Kingdom
developer Happy Elements, which recently announced $30 million in new funding
, and location-aware game studio Loki Studios, the company behind augmented reality title Geomon
Each company will receive $250,000 to $5 million from the fund, according to a TechCrunch report
, and DCM says its planning to use the fund to invest in nearly two dozen more Android-focused companies in the next three years.
Other companies receiving money from A-fund include white-label Android app platform Appia, payment solution Billing Revolution, Chinese cloud storage provider Kanbox and cross-platform messaging maker Kakao.