The New York Times reports that investor Digital Sky Technologies, which has offices in Moscow and London, is leading this latest funding round in the social networks gaming company. The investor also put over US$200 million into Facebook in May this year.
Zynga, which also runs FarmVille, has 712 employees and is reported to be currently commanding revenue of around US$250 million a year, claiming over 100 million unique users playing its games each month. Financial experts estimate its overall value at anything between US$1.5 to 3 billion.
The company has recently faced controversy over its advertising policies and is in the throes of a law suit with fellow social network game developer Playdom.
Digital Sky Technologies, meanwhile, has faced controversy over the fact one of its owners has served prison time for fraud and embezzlement. Zynga's board, however, claims it is 'impressed' with the company having performed all appropriate due dilligence on it.