Raptr Snags $15 Million in Capital for Social Gaming Platform

Raptr, which is building a social gaming platform that lets players track achievements and connect to friends on gaming consoles, has raised $15 million in capital. The round was led by DAG Ventures, with Tenaya Capital and Accel Partners also participating. In total, the Mountain View, Calif., company has raised $27 million. Raptr claims it is adding 750,000 new users a month and has a current total of six million.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work