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Funzio Nets First Venture Capital Investment

Wednesday, May 11, 2011 5:54:00 AM PDT | VentureDeal Staff

San Francisco, California  --  Digital media company Funzio has garnered $20 million in its first round of institutional venture capital financing.

Funzio creates free-to-play high quality online games for the mobile and Facebook ecosystems.

IDG Ventures led the round which included other IDG Ventures affiliates.

The company said it would use the funding to increase its headcount and scale its business.

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