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    Playsino Raises $1.5 Million, Doubles Down on Social Casino Gaming

    21.05.12

    LOS ANGELES, CA, Apr 20, 2012 (MARKETWIRE via COMTEX) -- Playsino, http://www.playsino.com , today announced it has closed on $1.5 million of new funding. Playsino is focused on building the largest social casino game publisher on social networks and mobile platforms.

    The company has closed on $1.5 million as part of what is expected to be much larger financing to support the company's ambitious goals. Investors in the round included: IDM Venture Capital, a Singapore-based venture capital firm investing in early to mid-stage interactive digital media companies; Pacific Capital Group, a Los-Angeles based private investment firm, which is led by Gary Winnick, founder, Chairman and CEO; Siemer Ventures, a Santa Monica venture capital firm; and several prolific angel investors, such as Jordan Simons, Managing Partner and Co-Founder of GCP, a merchant bank whose principals have closed over 200 investments and transactions valued at over $15 billion; and Wicks Walker of W4 Ventures. Existing investors Tomorrow Ventures, Jim Armstrong and Michael Huskins also participated.


    Source: MarketWatch (press release)

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