Acquisition

RocketGames, a tempCFO client, acquired for $170M by Penn National Gaming

August 11, 2016

Three-year-old gaming startup Rocket Games, a social gaming and brand licensing company, has been sold to Penn National Gaming. The gaming owner and property manager acquired the social casino company for $170 million. Rocket Games has been recognized as one of the fastest growing social casino companies, growing more than 500% in 2015. It serves digital, social, and mobile markets through apps available on iTunes, Google Play, Amazon, and Facebook.Read More

Accounting

Read Our Latest Whitepaper on Accounting and Outsourcing!!

August 10, 2016

tempCFO is very excited to announce the release of our latest whitepaper, Accounting Infrastructure & Outsourcing!! Drawing upon the extensive experience of our senior controllers and our firm’s expertise gained from nearly 20 years in the sector the paper covers essential accounting practices and recommendations on outsourcing for startups and ventures. The paper also includes our unique flowchart tool to help companies select the best in class accounting platform based on company scale, growth rate and financing raised.

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Funding

tempCFO Client Sensay Raises $4.5M Seed Funding

August 10, 2016

Chatbot messaging startup Sensay, a tempCFO client, has raised $4.5 million in seed fundraising. Sensay uses a bot to matches users with questions to other users who can answer them, aiming to connect “awesome humans.” The seed financing round was led by Norwest Venture Partners in addition to financing from Greycroft Partners, NHN, Sweet Capital, and Draper Associates. The closing of the seed round was announced on August 2.

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