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Online Game Developer Red 5 Studios Raises $18.5 Million

Authored by Mark Hefflinger on December 12, 2006 - 1:20pm.
Aliso Viejo, Calif.-- Independent game developer Red 5 Studios announced on Tuesday that it has raised $18.5 million in its first round of venture capital financing. Benchmark Capital and Sierra Ventures co-led the investment in Red 5, which was formed in September 2005 by members of the team that created Blizzard Entertainment's "World of Warcraft." Aliso Viejo, Calif.-based Red 5 is a developer of massively multiplayer online games; the company's first title is already in development and will be distributed by Korea's Webzen. Red 5 will use the funds for continued growth.

Related Links:
http://tinyurl.com/y6f96j
http://www.red5studios.com
tags: Games | Deals | VC | Webzen | Benchmark Capital | Red 5 Studios | Sierra Ventures | Financing |

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