Funding: Playspan nets another $16.8 million

Great news for the industry as investors continue to see the potential in virtual goods, this will help Playspan expand to Europe and Aisa

PlaySpan provides publishers and developers with a platform for managing secure micro-transactions, virtual goods sales, global alternative payments, and peer-to-peer trading. Its platform is currently live in games such as K2's Global Mu Online and Gala-Net's Upshift Strike Racer.

Playspan has a subsidiary PayByCash, which offers over 70 payment solutions in more than 180 countries currently supporting over 200 games from publishers such as Gala-Net, Ntreev, Outspark, and CCP.

PlaySpan's total funding now now around $24 million. This round was led by Easton Capital Group, Menlo Ventures, Novel TMT Ventures, STIC, and other undisclosed investors.