Virtual Worlds News: Dizzywood Gets $1M in Series A from Shelby Bonnie and CRV

February 07, 2008

Dizzywood Gets $1M in Series A from Shelby Bonnie and CRV

Dizzywood, a kids-oriented virtual world, has received $1 million in Series A financing from Shelby Bonnie, co-founder of C-Net, and Charles Rivers Ventures. Dizzywood opened in November with the aim of providing "an environment that would open up kids' imaginations and inspire them to create." While many other worlds have shifted towards ad-supported or virtual goods business models, which Charles Rivers Ventures' Susan Wu is a big proponent of, Dizzywood is free to use, but will offer a subscription for premium content in the future. The company, led by founders Scott Arpajian, former SVP of CNET Download.com, Sean Kelly, who previously co-founded Wallop, and Ken Marden, a game designer and children's book author, plans on using the investment to fund development of additional content and services in the world.

Posted at 10:23 AM in Investment | Permalink

Technorati Tags: Charles Rivers Ventures, Dizzywood, Shelby Connie, Virtual Worlds

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Posted by: Kaila | September 18, 2008 at 05:47 PM

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