Fusion Corporate Partners

Titan Gaming has raised $1 million in funding from prominent angel investors, including Clearstone Venture Partners principals William Quigley and Jim Armstrong, virtual goods pioneer Brock Pierce, MP3.com founder Michael Robertson, PriceGrabber co-founder and Bestcovery.com founder Kamran Pourzanjani, Vonage co-founder and www.kikin.com founder and CEO Carlos Bhola, SOA Software founder and ServiceMesh founder and CEO Eric Pulier, MyLife founder and CEO Jeffrey Tinsley, Hydra and W4 co-founder Adam “Wicks” Walker, ooma founder Andrew Frame, GigaMedia executive John Lee, PatentVest CEO Andy Mazzarella, former Korn Ferry Chairman Global Technology Markets Richard Spitz, iWin founder and TLDH.org founder and CEO Fred Kreuger, Ramprate founder and Chairman and myTASTE co-founder and CEO Tony Greenberg, New Motion founder and Revenue APEX co-founder and CEO Scott Walker, SAM Venture Partners and Tomorrow Ventures.

With this seed round of funding, the new executive team, including CEO John Maffei and COO Lisa Serwin, will finalize the technology of the Titan Platform, as well as secure mass distribution deals. The original Titan founders, Francisco Diaz-Mitoma and Mark Donovan, will lead Titan’s technical and game developer evangelism efforts. Titan’s first customers are set to go live in July of 2010. Game developers and publishers seeking to join the Titan beta should visit www.titanplatform.com.

“As the former head of one of the Internet’s largest gaming sites, I am very familiar with the challenges of effectively monetizing gamers with subscription and advertising models,” commented John Maffei, CEO, Titan Gaming. “Titan offers gaming companies and content sites a white labeled solution that helps them monetize their audiences more effectively while retaining complete control of their brand. We have been extremely pleased with the positive reaction of the gaming companies we have engaged.”

Location: USA, Los Angeles, CA

Ref: F231109-443