Bezos’ Bucks Back Kongregate
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<!-- END listen now odiogo.com #3 --> Billionaire investor Jeff Bezos is putting $3 million behind San Francisco-based Kongregate, an online casual games site that draws its content from Indie developers.
The investment brings Kongregate’s investment total to $9 million, with a $1 million angel round and a $5 million investment by Greylock Partners, a backer of Red Hat, Digg and Facebook.
The investment by Bezos, founder and chief executive of Amazon.com, comes through his person investment fund, Bezos Expeditions.
Kongregate competes with companies like Miniclip in trying to build large audiences for casual games offered through an Internet browser. Kongregate, founded in June 2006, offers more than 4,000 Flash and Shockwave games from more than 1,500 developers.
Kongregate Chief Executive Jim Greer likened the "super-angel" funding round to an insurance policy.
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