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Vostu

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Social and mobile games developer for Latin America

Rosario, ArgentinaFounded 2007Consumer Services
Valuation $0–100M Latest valuation · 2014
Total funding $10–50M Disclosed equity funding
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About Vostu

Vostu was a social game developer that focused on the Brazilian and broader Latin American markets. Founded in May 2007 by Harvard students Daniel Kafie, Mario Schlosser, and Joshua Kushner, the company initially explored concepts for a Latin American-focused social network before pivoting to social gaming in 2009. This strategic shift proved successful, and Vostu became the largest social games developer in the region during the early 2010s.

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The company's business model was freemium, where games were free to play, and revenue was generated from the sale of virtual goods and in-game items for users wanting to accelerate their progress. Vostu's games were primarily available on social networks popular in the region, such as Orkut and Facebook. Its portfolio included popular titles like "Mini Fazenda," "Café Mania," "MegaCity," and "GolMania," which attracted over 100 million registered users. The company also formed partnerships with major brands like Netflix, Walmart, and Hellmann's for in-game promotions.

Vostu secured significant funding from investors, including Intel Capital, Accel Partners, General Catalyst, and Tiger Global Management, raising a total of $46.3 million over several rounds. At its peak, the company was valued at an estimated $300 million and was recognized by Forbes as one of the top 10 startups in Brazil in 2011. However, the company faced a significant challenge in 2011 when it was sued by Zynga for copyright infringement, with allegations of copying popular games like FarmVille and CityVille. The lawsuit was eventually settled, with Vostu agreeing to make a monetary payment and alter some of its games. Following the settlement, Vostu underwent restructuring, consolidating game development in its Buenos Aires office. By mid-2013, the company had laid off a significant portion of its staff, and founders Schlosser and Kafie had resigned from their positions. Vostu ceased operations in 2016.

Source: Dealroom company data

At a glance

Founded
2007
Headquarters
Rosario, Argentina
Sector
Consumer Services

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Investors

4 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

Series A1 investor entered at this stage

Series B and later2 investors entered at this stage

Team profiled 12 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

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🇦🇷 Argentina · Rosario HQ
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Market sentiment

Posts on X, past 7 days

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