Titan Gaming, the makers of a gaming platform that enables content sites and social networks to offer cash and prize-based game tournaments, is today announcing that it is embarking on a complete makeover that includes its rebranding as Playsino, along with a new focus, CEO, and some new funding.
New Funding In Tow, Playsino Places Its Bet On Social Casino Gaming
Under its new moniker, Playsino will look to leverage its traction in the tournaments and virtual rewards space and double down on another emerging vertical: social casino games. Ambitiously, Playsino is setting out to build “the world’s largest social gaming casino platform,” and is naming a new CEO to help lead the way. Brock Pierce, who will be the startup’s CEO, is the managing Director of the Clearstone Global Gaming Fund, and a serial entrepreneur, having founded eight companies and acquired 30 more in various capacities.
Pierce played an early role in the development of virtual goods, founding Internet Gaming Entertainment (IGE) in 2001 and Zam in 2003. In addition to new leadership, Playsino is also announcing today that it has raised $1.5 million in venture capital as part of an ongoing round. The investment was led by IDM Venture Capital, a Singapore-based venture capital firm, Pacific Capital Group, Siemer Ventures, and a number of angel investors, including Jordan Simons of GCP and Wicks Walker of W4 Ventures. Existing investor Tomorrow Ventures also participated in the round.