Wednesday, December 16, 2009

Zynga Raises Huge, $180M Round

San Francisco-based social gaming firm Zynga said this morning that it has raised $180M in funding, from Russian firm Digital Sky Technologies (DST). Zynga said that DST will purchase $180M of its securities, providing liquidity for its employees and investors, as well as to fund the firm's growth. Other investors in the round include Andreessen Horowitz, Tiger Global, and Institutional Ventures Partners. Zynga said that DST will be a passive investor in the firm, and will not hold a seat or have observer rights on its board. DST is the same company which recently purchased $200M worth of Facebook's stock, in a similarly structured deal.