Walnut Creek, California (EastBayDaily) — Turpitude, Inc., an independent online-, mobile- and social game company, announced the closing of an oversubscribed Series A funding round headed by some of Silicon Valley’s most prestigious angel groups, including The Band of Angels, The Angels Forum, Golden Seeds, and Sand Hill Angels. This financing will be used to support new product launches, building a network of games across the online-, mobile- and social game spaces.
Turpitude launched its first social game, Wedding Street, late last year, aiming squarely at the social space’s exploding audience of women, ages 16–55, and has since seen steady acceptance of its “make and share” model for user-generated content by a loyal, highly monetizing audience. The title also presents a topic in which there is tremendous interest, and around which there is an 80+ billion dollar industry in the US alone, creating a multitude of opportunities for partnerships.
“Social, mobile and online games are revolutionizing the games business,” said Stieg Hedlund, Turpitude’s Chief Creative Officer, “and our focus on creating compelling entertainment experiences that specifically leverage these rapidly evolving platforms will keep us in the vanguard. Giving players the tools for creativity and self expression, thoroughly integrated into a highly accessible game is just one example of that.”
To see a game trailer for Wedding Street, go to: http://youtu.be/gq5B_f_FJyQ
About Turpitude Inc. Founded in 2008 by iconic game designer Stieg Hedlund (Diablo II, Ghost Recon Advanced Warfighter, Die Hard Arcade) with partners Natalie Fay and Trevor Shackelford, Turpitude initially designed cutting-edge game monetization systems and viral content for clients including Disney, Zynga and Playdom, before launching its own IP in 2010. Its first game, Wedding Street, can be found on Facebook. See http://apps.facebook.com/weddingstreet
About The Band of Angels The Band of Angels is Silicon Valley’s oldest seed funding organization. The Band is a formal group of more than 120 former and current high tech executives who are interested in investing their time and money into new, cutting edge, startup companies. The Band has seeded over 225 companies in its history with 50 profitable M&A exits and 9 Nasdaq IPOs. Band members have founded companies such as Symantec, Logitech, and National Semiconductor and have been senior executives at the likes of Sun Microsystems, Hewlett Packard, and Intuit. http://www.bandangels.com
About The Angels Forum Since 1997, The Angels’ Forum (TAF) has been investing in, mentoring and advising Silicon Valley startups from the seed stage all the way through a meaningful exit. TAF is a diverse group of 25 high net worth private investors, all of whom have been CEO’s, founders or senior executives of successful entrepreneurial ventures. TAF has the capital, time, experience, skills and passion to work with entrepreneurs to build disruptive companies. http://www.angelsforum.com
About Golden Seeds Golden Seeds is a network of angel investors dedicated to investing in early stage companies founded and/or led by women. Founded in 2005, Golden Seeds is one of the largest angel groups in the U.S. with over 180 accredited investors and locations in New York, Boston, Philadelphia and San Francisco. http://www.goldenseeds.com
About Sand Hill Angels Sand Hill Angels is a group of successful Silicon Valley executives and accredited investors that are passionate about entrepreneurialism and the commercialization of disruptive new technologies. Sand Hill Angels makes early stage investments in promising start-ups and seek to provide expertise and assistance in these fledgling enterprises. They are in the business of helping entrepreneur dreams come true. Their experience spans all aspects of growing successful companies from the formative stage through management of multi-billion dollar enterprises. Sand Hill Angels focus on investments in the Internet, Information Technology, Clean Tech, Consumer, and Life Sciences businesses. http://www.sandhillangels.com