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article imageSkype founder, investors pump $42 million in Angry Birds company

By Owen Weldon     Mar 11, 2011 in Business
Rovio, the company behind the video game phenomenon called "Angry Birds," is now flush with cash after Skype's founders and other investors injected $40 million in funding.
Rovio received $42 million in funding, which is being led by Accel Partners and Atomico Ventures.
Accel Partners has invested in companies such as Facebook, Groupon and AdMob.
Skype founder Niklas Zennstrom is joining the board of directors at Rovio.
According to Cnet, the Angry Birds game has more than 40 million monthly users and all these users are active. The game can be found near the top of almost every mobile app store.
Furthermore, Angry Birds plush toy sales have also become a huge hit across many retail channels. The plush toy sales have surpassed two million units.
The funding round is going to be used to build upon the company's success. Rovio didn't provide any details about future plans, but the company did say the cash is going to be used for strategic expansion.
Not only has the app been downloaded millions of times, and millions of toys have been sold, but according to Smartcompany, Angry Birds may be turned into an animated series.
Angry Birds will also come to Facebook, according to appolicious.
Rovio may add some in-app purchases to their formula to increase sales. Rovio recently added an in-app purchase called the "Mighty Eagle" to Angry Birds to help players solve puzzles they are stuck on.
More about Skype, Founders, Angry birds, Rovio, Video games
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