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Kabam Employees, Investors Raise $40 Million in Secondary Sale

By Peter Kafka
Peter Kafka covers media and technology, and their intersection, at Vox. Many of his stories can be found in his Kafka on Media newsletter, and he also hosts the Recode Media podcast.

Mobile gaming company Kabam, which raised $120 million at a $1 billion valuation earlier this year, said its shareholders have sold off $40 million in a secondary offering. Last year Kabam’s employees and early investors raised $38.5 million via a secondary sale that valued the company at $700 million.

This article originally appeared on Recode.net.

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