Zynga, the creator of popular social games like Mafia Wars, FarmVille, and Cafe World recently received an infusion of cash to the tune of $180 million from the same Russian investment firm that gave the developer of Facebook $200 million according to the NY Times.
Given the explosive growth in social gaming on Facebook, most of it from Zynga games, this is seemingly a wise investment for the firm that has also invested in social gaming companies from Russia, Eastern Europe, and Asia. Zynga's annual revenue is estimated at $250 million and growing fast.
At the same time, Zynga will need additional capital as video game giant Electronic Arts recently purchased an up and coming social gaming group called Playfish for $300 million. There are also numerous other social gaming start-ups popping up across the country as the social gaming craze grows in the United States. Zynga is also facing numerous controversies over support and changes they make for their games and the selling of advertisement.
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