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Virtual Gaming Worlds secures venture funding

20 Mar 2013

australian dollarAustralian investment firm Triple C Consulting has reportedly led a A$2.5m, ($2.6m) Series A funding round for gaming group Virtual Gaming Worlds.

The Next Web reported that the company had launched a campaign to raise A$5m via the Kickstarter website, but it was suspended without explanation four weeks ago.

Virtual Gaming Worlds is expected to use the funds to secure a gambling licence and develop Chumba World, a casino game for Facebook, which allows users to build their own casinos.

Following the suspension of its fundraising campaign, the company indicated it would look for venture financing to fund its plans.

Some of the recent deals in the online gaming sector included DCM’s investment tin Chinese social gaming developer Cmune back in January.

The Series A round was also supported by Skype co-founder Niklas Zennstrom’s Atomico Ventures.

The company is the developer of first person shooter UberStrike, which pits online gamers against each other from UberStrike.com, Facebook, Kongregate and the Mac App Store.

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