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GameGround Grabs $4.1 Million From Sequoia

Israel-based gaming network startup GameGround has received $4.1 million in funding from Sequoia Capital, bolstering the $2 million in seed investment it had already raised.

The company, which also operates in New York, was founded by former Blizzard global business development VP Itzik Ben-Bassat, gambling site 888.com founder Guy Margolin, and former MTV executive (and son of Israel's prime minister) Shaul Olmert.

Though it was formed in 2007, GameGround has yet to publicly elaborate on the specific nature of its planned products; its official site, which is labeled "alpha," describes it as "an all-new personalized gaming center built around advanced technologies that aggregate all your web-wide gaming activities into a single online destination."

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