That rumor of a $400 million valuation might not be too far off base: social-media application powerhouse RockYou announced Monday that it has raised $35 million in Series C venture capital.
The round was led by venture firm DCM, with contributions from several private investors. Previous RockYou investors include Lightspeed Venture Partners, Partech International, and Sequoia Capital.
It's the kind of money that may raise a few eyebrows, considering many believe the social-application space doesn't offer a proven business model yet. RockYou is responsible for a number of popular applications--SuperWall, Vampires, Likeness, X Me--on Facebook and several OpenSocial-compatible … Read more