Multi-platform gaming company Oberon Media Inc. has raised $16 million - some of the funds raised are from previous investors Goldman Sachs, Infinity I-China Fund and Oak Investment Partners.
This is the company's fifth round of fund raising and the overall amount of investment to date is not known. This is only the second fund raising round that has been announced. Previous investors have included: former eBay chairman Jeffrey Skoll through Capricorn Management; Zohar Gilon; Morgan Stanley and Lehman Brothers before its collapse.
Oberon was chosen as one of "Globes" most promising start-ups in 2007/08.
Oberon enables the downloading and purchase of games using various digital platforms including the Internet, mobile phones, and home games systems. The sector is known as casual gaming.
At the same time as raising the new funds the company appointed David Lebow, an experienced digital media technology executive, as CEO.
Published by Globes, Israel business news - www.globes-online.com - on November 16, 2010
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