PlaySpan announces $18 million in Series C investment

PlaySpan, Inc., the global leader in digital goods, micro-transaction and global payment platforms has announced $18 million in Series C investment led by Vodafone Ventures and Softbank Bodhi Fund, with participation from existing investors Menlo Ventures, Novel TMT Ventures, STIC, and other undisclosed investors.

This new capital increases the company's total funding to approximately $42 million. The new funding will be used to expand into Europe and Asia and to grow PlaySpan's global publisher and user-base.

"Over the last few years, PlaySpan has emerged as the undisputed global market leader in the monetization platform category, and we continue to drive new innovations in the payments and ecommerce space that has spurred new high-growth business models," said Karl Mehta, Founder & CEO of PlaySpan. "It is a testament to our market-leading position, demonstrated growth, and the fast-growing digital goods micro-transactions space, that we have raised another significant round from top investors." adds Mehta.