Mediastay Raises €15M in Series B Funding
Summary
Mediastay, a Paris, France-based provider of online game monetization solutions, raised €15m ($21,5m) in Series B funding.Investors include Iris Capital and Idinvest Partners (formerly AGF Private Equity).The company intends to use the funding to grow its audience, especially through the launch of new web sites, Facebook and mobile applications, and to continue to develop its activities in Europe and in the United States.Mediastay also plans to explore external growth opportunities and strengthen its existing team.Founded in 2000 by Eric Bennephtali, Jonathan Zisermann and CEO Jérôme Balmes, and backed by HighCo and Turenne Capital, Mediastay is an online sweepstakes (Kingolotto.com, Luckysurf.com) and casual games (Yacado.com, Diamondsquest.com) publisher.