Playdom invests in Argentina’s MetroGames to develop social games

Playdom, a fast-growing social game company, is investing $5 million in Argentina’s MetroGames as part of an expansion in social games.

The deal is somewhat unusual one for San Francisco-based Playdom, which is the biggest social game publisher on MySpace and has acquired three other social game developers recently. Playdom raised $43 million in venture funding last year to fund its expansion; now it is taking $5 million of that money and putting it into another company.

MetroGames is based in Buenos Aires and is working on a pipeline of games, including those for its Metrogames.com social game platform. MetroGames has more than 30 games on Facebook and plans to release many more in 2010, said Damian Harburguer, chief executive of the company.

John Pleasants, chief executive of Playdom, will join the board of MetroGames.

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat at VentureBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.