November 17, 2009 http://www.virtualworldsnews.com/
Social network app developer and ad platform RockYou says it has raised an additional $50 million in a Series D round of funding. The money comes from existing investor Softbank and caps a total of $119 millions raised since its 2005 launch. There are reportedly 213 million monthly users of RockYou apps or apps RockYou has advertising relationships with. "Softbank was looking for us to be a little more aggressive in our application releases, especially in the Asian market," RockYou vice president of sales Lisa Marino told VentureBeat. "They wanted us to fundamentally grow more quickly, and so that was the impetus for this deal."
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