ZIO Studios Announces $1.3 Million Series a Round, Expansion of Gaming and Animation Operations
Summary
They are industry leaders, they have a proven and growing revenue model combined with a solid international strategy, and the management team runs things like a real company”, said Francisco Mira, CEO of Promotora. It will now use proceeds from this round to double its current staff of 45 in Colombia, structure a more robust product pipeline that can release several titles a year, and open offices in California by summer of 2011. “Silicon Valley’s Founder Institute is opening its doors in Colombia and Chile this spring; Groupon, Google, and Playdom have all acquired companies in South America; Zynga just released CityVille in Portuguese and teamed up with Brazilian publisher Mentez; the Chilean government has set up nearly $350 million in VC funds for start-ups” said board member and angel investor Mauricio Bejarano, a former senior executive with VC-backed Xdrive Technologies. http://www.zio.co BRAINZ recently released the public beta of Social Street Soccer for Facebook, and will be launching the game through major networks in Brazil, Russia and Spain in March 2011. Its venture capital fund focuses on companies with substantial innovation components and in industries with strong growth potential, primarily in the areas of health sciences, biotechnology, information and communication technologies, and applied engineering services.