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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."
tags: Games | Deals | VC | Webzen | Benchmark Capital | Red 5 Studios | Sierra Ventures | Financing |

Korea's Webzen to Distribute Online Game from Red 5 Studios

Authored by Mark Hefflinger on February 28, 2006 - 8:24am.
Seoul, South Korea - Korean online games firm Webzen said on Tuesday that it has signed an agreement to publish an as yet undisclosed massively multiplayer online game developed by Red 5 Studios. California-based Red 5 was founded by former members of Blizzard Entertainment, which developed "World of Warcraft" and "Diablo II."
tags: Korea | Webzen | Game | Website | Red 5 Studios |