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SCVNGR Grabs Additional $9M

2012-08-02
CAMBRIDGE, MA, Developer of games for mobile devices, announced it has raised an additional $9 million in venture capital.
SCVNGR, a developer of games for mobile devices, announced it has raised an additional $9 million in venture capital, bringing the total has raised in the current round to $21 million. The latest investment funds come from T-Venture, a subsidiary of Deutsche Telekom. Previous investors in the deal, initially disclosed in June, included Google Ventures, Highland Capital Partners, Balderton Capital, Transmedia Capital and Continental Investors.

SCVNGR is as much a game as it is a massive experiment in building a mobile game together. The firm wants to build the game layer on top of the world. To make this happen, SCVNGR designed an incredibly powerful (and easy to use) platform that means that whether you're an individual player, a local store, a museum, a historic monument, a restaurant or anything in between, you can participate in building the platform.
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