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European Founders Fund backs virtual world for kids creator Dizzywood

robin Written on 27th August 2008                                                                                                              5 COMMENTS some text
Robin Wauters, Next web enthusiast & Plugg organizer

European Founders Fund backs virtual world for kids creator DizzywoodThe European Founders Fund, the investment vehicle of the infamous Samwer brothers, puts money in social networking sites other than Facebook. According to a regulatory filing picked up by peHUB, the EFF has invested $1 million in Series A-1 funding for Dizzywood, a San Francisco-based creator of entertainment websites for kids.

European Founders Fund backs virtual world for kids creator Dizzywood“Dizzywood is a fun virtual world for kids where you can play free games, explore unique and imaginative areas, and meet new friends in a safe environment. Whether it’s a visit to a Mayan-themed jungle or a super power challenge to defeat Emperor Withering, Dizzywood offers children ages 8-12 the opportunity to create their own adventure, cooperate with other players in exciting games and challenges, and have fun while learning.”

Virtual worlds for kids is certainly a hot space: both RocketOn and Knowledge Adventure recently raised $5 million second rounds, Gaia Online took $11 million in a third round and Disney recently acquired Club Penguin for $350 million (with $350 million in earn out).

Dizzywood won the Best in Show Award at the 2008 Under the Radar Conference. Last February, TechCrunch reported that the company had raised $1 million Series A in a round led by Shelby Bonnie with Charles River Ventures with other individual investors also participating.

Dizzywood has notable founders, including Scott Arpajian, who headed CNet’s Download.com for over a decade in the past, ex-Microsoftie and former Wallop CTO Sean Uberoi Kelly and Ken Marden.

(Hat tip to Paidcontent)

About the author: Robin Wauters is a Belgium-based social media consultant, startup advisor, blogger, entrepreneur, Twitter fanatic, conference organizer and allround web addict. Between trying out just about every new web application that gets in his sight, he advises local startups like ContactOffice, Oxynade and Yuntaa. And when he's not busy trying to keep tabs with what's going on in the virtualization & cloud computing industry as managing editor of Virtualization.com, he's probably working on the organization of Plugg, an annual celebration of European web entrepreneurship.

5 comments to “European Founders Fund backs virtual world for kids creator Dizzywood”

  1. By zaheen on Sep 27, 2008

    what is the problem?i love dizzywood but nothing comes when i try to log in dizzywood.it comes ‘Failed to Connect’.please help me and i am from doha qatar plz help.

    Reply

    By rawan on January 16th, 2009:

    hmmmmm

    Reply

  2. By mp46 on Sep 28, 2008

    I have been trying for 6 days for DW to help with an issue iv’e been having. There website keeps freezing up on me, they told me to refresh the page but i have to do this several times!!! They tell me there working on it ASAP, which means they have no intentions of doing anything!!! My child is NOT allowed to go back to DW!!!

    Reply

  3. By rawan on Jan 16, 2009

    dizzywood is a great site!! but as you added the ”gold member” i think its making people put off. if you could maybe add a little to the people which are NOT gold members, you would probably get more out of your site.

    Reply

    By Layla vanburen on March 26th, 2009:

    ya right!!who do you know who is layla and who is carlae!!do you know dizzywood!!i play dizzywood every day!!

    Reply

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