Riot Games Raises $8 Million for Virtual Item-based TitlesAuthored by Mark Hefflinger on September 9, 2009 - 8:29am.
Los Angeles
- Riot Games, an independent developer and publisher of online games, announced
on Wednesday that it has raised $8 million in new financing, from Benchmark
Capital, FirstMark Capital and Chinese online services firm Tencent.
Founded in 2006, Los Angeles-based Riot Games develops free-to-play games for consoles, mobile devices and the PC that include virtual item-based economies. The company's first game, "League of Legends," is set to launch in North America in the fall. Tencent will also distribute the game online in China.
tags: Games | Deals | VC | China | Benchmark Capital | Virtual Items | Riot Games | FirstMark Capital | Tencent |
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