Red 5 Studios Raises $18.5 Million
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Why are founders Mark Kern, and William Petras smiling?
Red 5 Studios has just raised $18.5 Million in funding recently.
What does Red 5 Studios do?
Red 5 Studios creates massively multiplayer games.
Benchmark Capital and Sierra Ventures have invested in Red 5 Studioâ€™s Series-A round of funding with $18.5 million.
What will they use this funding for?
Red 5 Studios will use the funds for growth in an effort to become the leading studio for creative, original MMO games for the international mass market.
Online multiplayer gaming is a rapidly expanding sector. With more and more people willing to spend on broadband connections to get a better and higher quality online gaming experience in the company of their friends or just complete strangers, Red 5 has tapped a ripe market.
According to the Red 5 head, the company is a â€œcreative Mecca for the world’s best game development talent to realize their own vision.” The companyâ€™s uniquely talented development team is focused on creating the most exciting massively multiplayer titles for a global audience.
These dynamic virtual games are next-generation, massively multiplayer games. True to the companyâ€™s mission, the games created by Red 5 are the best online games in the market and fun to play. Based on original stories and themes, the games have a world-wide audience.
See their site here.
Read more about Mark Kern here.
Read more about William Petras here.
Read more about Benchmark Capital here.
Read more about Sierra Ventures here.