May 22, 2013 at 1:46 pm PT
The Happy Cloud, one of a slew of ?cloud gaming? startups trying to bring videogames to new and different platforms, announced Wednesday it had raised a $4.25 million Series A round of venture capital. The round was led by Avalon Ventures and joined by Jesselson Capital and Shaman Ventures. The Happy Cloud has been in stealth mode since it launched in 2011, but claims that users who download games through its partnerships with publishers can start playing them almost instantly while the full game download finishes in the background. The company also announced the appointment of a new CEO, Tamir Buchler.
Source: http://allthingsd.com/20130522/cloud-gaming-startup-happy-cloud-raises-4-25-million-series-a-round/
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