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| K2 Network Secures $16M in Series B Funding Led by Intel Capital K2 Network has closed a $16 million Series B round of venture capital led by Intel Capital, the investment arm of Intel Corporation. The funds will be used to further develop and internationally market and grow its portfolio of personal computer, Free2Play multi-player online games. Intel Capital was joined in this funding by new investors Greycroft Partners, Khosla Ventures and Novel TMT Ventures as well as returning investors BV Capital and mvp Capital. The online gaming industry has grown rapidly in recent years and is forecasted to hit $13 billion by 2011 according to DFC Intelligence. With its plans for international expansion, key portfolio acquisitions and more, K2 Network is poised to be a significant player in that growth. write your comments about the article :: © 2007 Game News :: home page |