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| Red 5 Studios Grows with $18.5 Million Red 5 Studios has raised additional capital to further its growth toward becoming the leading studio for creative, original MMO games for the global mass market. Benchmark Capital and Sierra Ventures co-led the Series-A round raising $18.5 million in funding. Benchmark Capital has invested in dozens of successful consumer- technology companies, including Second Life, JAMDAT, and eBay. Sierra focuses on investments across all areas of the information technology sector, and works with entrepreneurs and management teams to originate and build new companies into large, profitable businesses. Red 5 Studios' first title is already under development; a massively multiplayer online (MMO) game financed and distributed globally by Webzen. write your comments about the article :: © 2006 Game News :: home page |