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Venture Capital News: Bionic Panda Grabs Seed Round

2012-01-17
SAN FRANCISCO, CA, Mobile games company focused on casual social games for the Android platform raised seed financing from a strong syndicate of investors, including SoftTech VC, Norwest Venture Partners, Google Ventures, 500 Startups, and angels Craig Sherman and Kal Vepuri.
Bionic Panda Games, a mobile games company focused on casual social games for the Android platform, is announcing today that it has raised seed financing from a strong syndicate of investors, including SoftTech VC, Norwest Venture Partners, Google Ventures, 500 Startups, and angels Craig Sherman and Kal Vepuri.

Bionic Panda Games was founded by Charles Hudson and Mike Jimenez, who worked together at Serious Business, maker of the popular game Friends for Sale, which was acquired by Zynga in February 2010. Hudson, the company's CEO, is also a Venture Partner at SoftTech VC and has previously worked at Google, Gaia Online, IronPort Systems and In-Q-Tel. Jimenez, the company's CTO, was previously with several startups including Cybersource Corporation, which was acquired by Visa for $2 billion in April 2010, and BitTorrent.

"There is a tremendous opportunity to build original casual mobile social games on the Android platform. Its open nature makes it the perfect environment in which to experiment with new game concepts and engagement models," said Hudson. With more than 550,000 new device activations every day, Android clearly has market momentum among consumers and we are excited about the opportunity that Android represents."

"There are tremendous opportunities to build mobile game franchises on the Android platform," said Joe Kraus, partner, Google Ventures. "Bionic Panda is an early leader on the Android platform and we are excited to work with their team as they pursue their passion for developing the next generation of casual mobile social games."

Bionic Panda Games has already released its first title, Aqua Pets, which has hit over 3 million downloads and is a top 100 grossing application on the Android Market. The company is working on a series of additional titles and continuing to develop its own social platform for connecting players within its network of games.

About Bionic Panda Games

Bionic Panda Games is an Android-focused mobile social games company based in San Francisco, CA. Founded in 2010, the company has assembled a strong team with deep backgrounds in mobile and social game development. The company's first game, Aqua Pets, is live in the Android Market today.
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