Kabam moves HQ to San Francisco
Social developer joins Zynga, Playdom and Playfish with 63,000 sq-ft office space
The social gaming company Kabam is moving its headquarters to San Francisco, VentureBeat reports.
The company's employees will now occupy 63,000 square feet in the same office space that houses Twitter. Zynga, Playfish, Playdom and 6waves Lolapps also have major offices in the San Francisco Bay Area.
The company sees the new offices as a first-step in its next phase of growth, allowing its 450 employees to work together more closely.
Kabam was founded in 2007 with a remit of making social games for the core audience. Since then has raised $125 million in funding over multiple rounds, the most recent being in May for $85 million.
However, in a recent interview with GamesIndustry.biz, Will Harbin, the founder of rival core developer Kixeye, suggested that Kabam has been somewhat irresponsible in raising finance.
"You have to have your ear to the ground to kind of understand what's going on in our neighbourhood," he said.
"With Kabam, specifically, they've never been profitable and they've done two rounds of lay offs, so I'd say the bubble for them is absolutely going to burst."