Austin, Texas - Challenge Games, a developer of online fantasy sports games including "Duels" and "Baseball Boss," announced that it has raised $10 million in its second round of venture capital financing, led by Globespan Capital Partners.

Previous investors including Sequoia Capital also participated in the round, proceeds from which will be used to accelerate game development, explore partnership opportunities and potentially acquisitions.

Austin-based Challenge develops free-to-play online games that it says "combine the collectibility and trading associated with collectible card games and sports cards with the competitive aspects of massively multi-player games and the ease of access of community Web 2.0 applications."

Related Links:
http://www.challengegames.com/news_article.php?id=7