AAA Vostu buys MP Game Studio

Vostu buys MP Game Studio

Brazil-based online gaming company Vostu has acquired peer MP Game Studio for an undisclosed amount.

In February, Intel Capital-backed Vostu, a Spanish-language social networking and gaming site focused on Brazil, raised $30m in its series C round, according to a report by news provider New York Times.

The funding from venture capital firm Accel Partners and hedge fund manager Tiger Global Management came after the summer when Vostu had relocated to New York and raised $12m in equity funding, according to a filing with the US Securities and Exchange Commission posted by news provider Citybizlist.

Intel Capital originally backed Vostu in mid-2008 as part of a $1.3m seed round and a follow-on investment of $2.6m in November, citybizlist said, and VC firm General Catalyst also has it as part of its portfolio.

Vostu was launched in Brazil in May 2007 by Daniel Kafie, Mario Schlosser and Josh Kushner while they were students at Harvard University.

Leave a comment

Your email address will not be published. Required fields are marked *