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.
