Tuesday, January 17, 2012

Google stocking up on Gaming startups

Bionic Panda Games has raised seed financing to develop mobile games for Google’s Android operating system, the company announced today. Not surprisingly, Google Ventures is one of the backers.

San Francisco-based Bionic Panda got its start in 2010 and has so far had one hit with Aqua Pets (pictured above), which has been downloaded more than 3 million times and is a top-100 grossing application on the Android Market.

That strong performance allowed it to raise the round (it was raised last year and is being announced for the first time today) from Google Ventures, SoftTech VC (where Hudson is a partner), Norwest Venture Partners, 500 Startups, and angels Craig Sherman and Kal Vepuri. That’s a pretty strong group of investors, but Bionic Panda’s founders, game veterans Charles Hudson and Mike Jimenez, have a good pedigree.

Hudson ran a number of well-known industry conferences such as....read more here Bionic Panda raises seed funding for Android mobile games | VentureBeat