Live Gamer has managed to raise $8.5 million in funding, according to a TechCrunch report. The new injection of cash comes from Charles River Ventures and Kodiak venture Partners, and takes its total investment to date to $30 million. Live Gamer is an e-commerce company that gives its 48 million users access to its micro-transactions and virtual goods sales services for various online and social games. The company has partnerships with a number of leading game publishers including Electronic Arts, THQ, and Namco Partners - among others.
In July, Live Gamer bought ad and gaming social network GameDNA and the "engagement advertising platform" BrandPort. The GamerDNA acquisition included a number of other properties including editorial web site Crispy Gamer and 360Voice. The company said in July that it would continue to run these operations, but it looks like Crispy Gamer hasn't been updated since October. We asked the company for further details on that part of the story, which we'll post here should they respond.
Source: GI.biz
