Santa Clara, Calif.-based PlaySpan said the fresh capital will be used to expand into Europe and Asia and increase the company's publisher and user base. Its platform enables micro-payments, virtual goods sales, and peer-to-peer trading as well as allowing developers to monetize content at any price.
Through major retail chains, PlaySpan also markets the Ultimate Game Card, a specialized payment card that allows someone to buy virtual goods in hundreds of online games. The company works with game publishers including Aeria Games, Eve Online, Gala-Net, GamersFirst and Gravity.--Mark Walsh