SGN raises $130M

What does SGN do?

SGN, is cross platform developer of social and mobile games. It connects people worldwide through its great games. It is a top cross platform developer and publisher of games on iOS, Android and Facebook. It has some hit titles such as Cookie Jam, Sugar Smash, MindJolt, Panda Jam and Panda Pop, in its kitty. More than 500 M SGN games have been installed on leading mobiles and social networks, making this cross platform game developer one of the largest gaming companies in the world. The company is the next gen of social game development. The company’s patent pending proprietary technology process, MasterKey, enables a game to be built once and seamlessly distributes to all the platforms which include iOS, Facebook, Amazon and Android.

How much SGN was funded?

SGN raised  $130M in an Undisclosed round on July 23, 2015 from Netmarble.

Previous funding

• $15Min Series A funding on May 1, 2008 from Bobby Yazdani, Felicis Ventures, Columbia Capital, Founders Fund, Novak Biddle Venture Partners, Greylock Partners and Signatures Capital
• $5M in Undisclosed round on March 3, 2010
•  $2M in Series B funding on June 1, 2010 from Lars Hinrichs and TomorrowVentures

What is next for SGN?

SGN plans to use the new funding mainly for its aggressive M&A strategy, concentrating acquisitions of other game studios and for expanding TV and online marketing and growing international distribution. The company’s strategy is to create games on Hollywood personalities and properties, including celebrities, TV shows and movies. SGN expects to generate more than $280 M in revenue in 2015.

More about SGN
SGN was founded in 2010 by Aber Whitcomb, Chris DeWolfe, Josh Yguado, Haroon Mokhtarzada, Shervin Pishevar and TJ Murphy. It has its headquarters in Culver City, California. It is based in Los Angeles, with studios in San Francisco, Buenos Aires and San Diego.