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Mobile game and entertainment publisher Mforma, publisher of cell phone games including True Crime: Streets of LA, Monopoly Tycoon and _Elder Scrolls Trav...

Simon Carless, Blogger

October 5, 2005

1 Min Read

Mobile game and entertainment publisher Mforma, publisher of cell phone games including True Crime: Streets of LA, Monopoly Tycoon and Elder Scrolls Travels: Stormhold has announced that it has raised $30 million in a third round of institutional financing. The round was led by Institutional Venture Partners (IVP), and includes participation by existing investors Bessemer Venture Partners, Draper Fisher Jurvetson, and General Catalyst Partners. The new funds will be used by Mforma to develop new product lines and to expand global operations and marketing initiatives. Todd Chaffee, IVP managing director and general partner, commented:“We look forward to working with Mforma’s strong management team as they develop and deliver the next generation of mobile entertainment products.” Mforma was founded in 2001 by Daniel Kranzler, executive chairman, who recently stepped down, allowing former AOL Internet Services Jonathan Sacks to be named the new CEO, while David Oppenheimer became the company's new senior vice president and chief financial officer.

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About the Author(s)

Simon Carless

Blogger

Simon Carless is the founder of the GameDiscoverCo agency and creator of the popular GameDiscoverCo game discoverability newsletter. He consults with a number of PC/console publishers and developers, and was previously most known for his role helping to shape the Independent Games Festival and Game Developers Conference for many years.

He is also an investor and advisor to UK indie game publisher No More Robots (Descenders, Hypnospace Outlaw), a previous publisher and editor-in-chief at both Gamasutra and Game Developer magazine, and sits on the board of the Video Game History Foundation.

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