Tired of hearing nothing but bad news about the economy? Well, here’s some news that should give cheer: app developer RockYou, one of our favorite success stories, announced today that it has raised another $17 million. This follows its C Round over the summer of $35 million. It’s yet another a sign that in our little corner of the economy, things are going just fine.
The funding came from two sources — Softbank of Japan and SK Telecom Ventures — and was designed to aid the company in its expansion into Asia, including its presence on popular Chinese social network Xiaonei, which is known to some as the Facebook of China. They will also be developing mobile and other apps for the Asian-Pacific market, which, according to Carolyn McCarthy at CNET, will eventually come back around to the U.S. in the form of new iPhone apps.
For those who don’t know, RockYou is the genius company behind such popular Facebook and MySpace applications as: Speed Racing, Super Pets, (both of which are embedded with Offerpal’s Managed Offer Platform) and many others. In all, the company has raised a whopping $67 million, most of it from Silicon Valley venture capital investors.
This all supports our notion that social networking apps are just hitting their stride, and will continue to expand into new markets, creating all kinds of new opportunities in the process. This is just what’s needed in an ailing economy — not only for the companies that benefit and create jobs, but also for users, who benefit from innovators who are constantly seeking new ways to entertain social networking users, often for far less than a night out at the movies.
Filed under: partners | Tagged: funding, offerpal, rock you, rockyou
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