Funzio Wins $20M

San Francisco-based Funzio, developer of the popular Facebook game Crime City, said today it has raised $20 million in Series A financing. US-based IDG Ventures and China-based IDG Capital Partners led the round, which was joined by Playdom co-founder Rick Thompson. Thompson chairs the company’s board, which IDG Ventures managing director Phil Sanderson has now joined. Founded by former Zynga general manager Ken Chiu, Funzio said it plans to use the new funds to complete a mobile version of Crime City, triple the size of its team, and “scale its business so that it can launch games faster and develop them in parallel.”

Wade Roush is a freelance science and technology journalist and the producer and host of the podcast Soonish. Follow @soonishpodcast

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