Start-up social games company Crowdpark, which focuses on social betting titles, has secured $6 million in a new round of equity funding, bringing its total funding to $8 million.
Start-up social games company Crowdpark, which focuses on social betting titles, has secured $6 million in a new round of equity funding, bringing its total funding to $8 million. European investors such as Target Partners and Earlybird Venture Capital took part in the funding round, while Target Partners' Waldemar Jantz has also joined the board at Crowdpark. The Berlin-based Crowdpark will use the funding to expand the reach of its social gaming and legal betting cross-over. Its betting model allows users to compete against each other using virtual currency. Users can choose to bet against each other on real-life events using Crowdpark's 'dynamic betting' technology. The company's first game Bet Tycoon currently has over 500,000 active users on Facebook. Ingo Hinterding, co-founder at Crowdpark, explained, "Crowdpark is defining an entirely new genre of social betting games based on actual events." "We aim to extend our growth and build amazing games based on our dynamic betting technology, and in other hot growth categories such as casino games."
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