Zynga Announces New Investment from Kleiner Perkins and IVP

Our portfolo company Zynga closed a $29mm round of financing last week which was led by Kleiner Perkins and IVP. We participated in the round, as did other investors Foundry Group and Avalon Ventures. Bing Gordon, co-founder of Electronic Arts and a games industry veteran, is now a partner at Kleiner Perkins and he will join Zynga’s Board.

The Wall Street Journal and TechCrunch both wrote about the financing.