informa
1 min read
article

Tech Incubator YouWeb Raises $2M In Funding

California-based technology incubator YouWeb has raised $2 million in funding, as a means of fueling the expansion of the company, while also hiring ex-Walmart exec Michelle Yee Sangster.
California-based technology incubator YouWeb has raised $2 million in funding, as a means of fueling the expansion of the company. The money was raised from existing investors, reports VentureBeat. YouWeb has also hired Michelle Yee Sangster, formerly a Walmart executive, as its senior vice president of business development. Peter Relan, chairman of YouWeb, explained, "Michelle has a long history of success in mobile, social media and e-commerce." "She will be integral to YouWeb’s development as it continues to generate disruptive and creative incubations," he continued. In the past, YouWeb has helped fund numerous social game companies such as CrowdStar, Sibblingz and iSwifter - the latter of which recently reported it was on track to see in excess of $10 million in revenues for its first year of business. Last month, YouWeb announced that it was offering $10 million in funding for mobile game development as a joint venture with CrowdStar (It Girl, Happy Aquarium). The fund, called StarFund, will be used "to help spur the next generation of mobile social gaming innovation," according to the company.

Latest Jobs

Treyarch

Playa Vista, California
6.20.22
Audio Engineer

Digital Extremes

London, Ontario, Canada
6.20.22
Communications Director

High Moon Studios

Carlsbad, California
6.20.22
Senior Producer

Build a Rocket Boy Games

Edinburgh, Scotland
6.20.22
Lead UI Programmer
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more