Social Gold micropayment platform creator, Jambool has raised $5 Million in a new round of funding. The round was led by Madrona Venture Group along with participation from Bay Partners. The startup initiated as developer for games for the social networks but moved over to micropayments as the market has been charged up by Playfish and Zynga. I guess the move is pretty intelligent given that there is a dearth of such platforms in a market where gamers continue to create games for the social networks.

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