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IGG Raises Over $ 10 Million in Series B Financing

WorldsinMotion: "Online game publisher/operator IGG (Zu Online, Aurora Blade) has announced that the company has round of Series B financing with funding 'in excess of $10 million' from two venture capital firms and an existing investor.

The funding was led by Vertex Group and joined by Hearst Interactive Media and IDGVC, and is intended to 'bolster international capabilities' according to COO Kevin Xu. The funds are to expand sales and marketing in Asian and Europe, establish strategic partnerships with developers and publishers worldwide, explore new regions and languages, and to further the development of 'more innovative and entertaining games in-house.'"

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