Woozworld raises $3 million

Woozworld, a virtual world for tweens (ages 9-14) with over 350,000 members and one million user-generated virtual spaces, has raised $3 million Series A financing round.

With this new funding, Woozworld will be spinning off from virtual world developer Tribal Nova Inc., which incubated and launched Woozworld in December, 2009, to become a standalone entity.

iNovia Capital and ID Capital, a division of Telesystem Group, led the funding. Chris Arsenault of iNovia Capital and Daniel Cyr of ID Capital will be joining its Board of Directors.

Location: Canada, Montreal

Ref: F231109-426

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