April 16, 2008
Buddy Media Raises $6.5 Million in Round B
Buddy Media, a NY-based startup that well-known for a Facebook application called AceBucks has raised $6.5 million in a round B financing. This round of financing was led by Softbank, and joined by several other venture capital firms such as European Founders Fund, GreyCroft Partners, a Silicon Valley angel investor, i.e. Ron Conway with participation of fourteen (14) of the Buddy Media’s Series A investors. Prior to this round, they’ve also raised $1.5 million at the time of their official launch in September last year.
Meanwhile, Buddy Media also announced the official launch of its Buddy Media Ad Network. This Ad Network is an eagerly awaited products for the advertisers and social media developers. It represents the next major release of an advertising platform that built-in with some notable features which include pricing flexibility, powerful targeting, quality traffic, and etc.
Since Buddy Media’s first inception on the Web, it has been trying to position itself as a Facebook application provider. Other the aforesaid AceBucks, a virtual currency application, it also released some Skyworks games such as Sudoku, Air Hockey, Pub Darts, Mental Blocks, and Corn Hole. However, Buddy Media’s most significant move is that it has acquired two Facebook app companies, ChipIn in January this year for five of its Facebook app (Vampires vs. Werewolves, Pirates vs. Ninjas, Skiers vs. Snowboarders, Santa vs. The Grinch, Cops vs. Robbers) and Crushes in last November.
Source: Facebook Watcher
