Our portfolio company Zynga announced today that they have closed a $29 Million Round of Financing Led by Kleiner Perkins and IVP. We participated in the financing alongside of our co-investors Union Square Ventures and Avalon Ventures. Bing Gordon, a co-founder and former Chief Creative Officer of Electronic Arts and now a partner at Kleiner Perkins has joined Zynga’s board.
Brad wrote about the financing and Zynga’s progress on his blog in a post titled Doubling Down. There were numerous other articles and blog posts about the financing today, including extensive ones in the Wall Street Journal and TechCrunch.