Kabam
 |
|
| Type of business | Private |
|---|---|
| Founded | 2006 |
| Key people | Tim Fields (CEO) Kevin Chou (Co-Founder) Holly Liu (Co-Founder) Mike Li (Co-Founder) |
| Revenue |
 360 million |
| Employees | 170 (March 7th, 2017) |
| Website | www.kabam.com |
Kabam (formerly Watercooler, Inc.) is an interactive entertainment company founded in 2006 and headquartered in Vancouver, BC. with offices in San Francisco, CA and Austin, Texas. The company creates, develops and publishes massively multiplayer social games (MMSG’s) such as Marvel: Contest of Champions for mobile devices. Before expanding into gaming, Kabam established itself as a social applications developer with entertainment and sports communities totaling more than 60 million users. Kabam markets freemium games for mobile devices, and social networking services,. The company's previous investors included Alibaba, Canaan Partners, Google, MGM, Intel, Pinnacle Ventures, Redpoint Ventures, Warner Bros. and others.
The company has focused on developing "real games," or games with immersive gameplay mechanics akin to more traditional MMOs with an emphasis on the spending and gambling of virtual currency. In late 2009, Kabam launched Kingdoms of Camelot, one of the first successful strategy games on Facebook, but in June 2010, the number of players began constantly shrinking.
As of April 2015, Kabam announced a shift in its focus to developing AAA mobile games. In July 2015, Kabam announced that Marvel Contest of Champions hit $100 million in gross revenue in seven months, the fastest of any game in Kabam history (The Hobbit was next fastest at 13 months).
As of December 19, 2016, Kabam's Vancouver Studio was acquired by Netmarble Games.
Kabam was founded in 2006 as Watercooler by Kevin Chou, Michael Li, Holly Liu, and Wayne Chan, the company started off focused on building community apps for sports and entertainment fans, amassing more than 25 million users on Facebook and other social networks. In October 2009 Watercooler, secured $5.5 million in Series B funding from Betfair, the world’s largest Internet betting exchange, and Canaan Partners, which participated in the company’s Series A funding in 2007. On November 2, 2009 Watercooler, launched Kingdoms of Camelot on Facebook.
On August 3, 2010, Watercooler changed its name to Kabam.
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