Casual Gamer Three Rings Raises $3.5 Million First Round

This story was written by Joseph Weisenthal.
SF-based Three Rings, a developer of casual games, has raised $3.5 million in first-round funding from True Ventures and Chance Technologies, reports VentureBeat. The raise itself came last summer. The company is the developer of the popular game Puzzle Pirates, which claims an estimated 3 million users. That game took in revenue of $4 million in 2007, $3 million of which came via its virtual currency model, which the company is an ardent believer in.


By Joseph Weisenthal

Comments

Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.

Watch Now

New Android App

For your Android phone and tablet, download the FREE redesigned app, featuring CBSN, live 24/7 news.

Download
The all new
CBS News App for Android® for iPad® for iPhone®
Fully redesigned. Featuring CBSN, 24/7 live news. Get the App