Mill Valley, Calif. - Sparkplay Media, a developer of browser-based 3D multiplayer games, announced that it has raised $4.25 million in new financing, from Redpoint Ventures and Prism Ventureworks.

Mill Valley, Calif.-based Sparkplay said it will use the funds to expand development of its titles, including its first multiplayer game, "Earth Eternal."

"We've been self-financing, and thus bootstrapping, for two years now and are incredibly excited about the chance to expand and accelerate our plans," said Sparkplay Media CEO Matt Mihaly.

"We're developing a different kind of game: one that combines compelling traditional MMO gameplay with new experiences that can be shared with friends on social networks and beyond."

Related Links:
http://www.sparkplaymedia.com/pr-021408.php