IGA Gets (Almost) $5M from Asian Investors

IGA Worldwide announced today that it had received funding from Translink Capital, Presidio STX, LLC (a subsidiary of Sumitomo Corporation), and ITOCHU Corporation. With the previous  $25 million from Peacock Equity and KTB Ventures, IGA says it has received a total of closet to $30 million in Series B funding. When we previously spoke with IGA CEO Justin Townsend, he explained that the company wouldn't be going into virtual worlds soon. However, he noted that "Virtual worlds within Asia are obviously very popular, so we’ll certainly be exploring opportunities." KTB Ventures was based out of Korea, and now with additional Asian investment in the in-game advertising network, could the company move in a new direction?  "We are very pleased to have Translink Capital, Presidio STX and ITOCHU Corporation among our investors,"  Townsend said in a statement. "This investment is an exceptional endorsement for the market and it will allow IGA to further expand its global in-game advertising footprint to the most technologically-savvy populations of gaming enthusiasts in the world."