USA, Riot Games Raises $8M in Venture Capital

Riot Games, a developer and publisher of premium online games, has closed a $8m round of financing with venture capital firms Benchmark Capital and FirstMark Capital and Chinese online services company Tencent.
Founded in 2006, Riot’s session-based, free-to-play, virtual item-based business model is thriving in Asia and is devoloping in western markets. 
Brandon Beck, CEO of Riot Games, was quoted as saying: “With our focus on delivering and operating core games as premium, live services that constantly adapt to our customers’ needs, we have a unique opportunity to build global franchises”.
The investment comes as the Los Angeles-based company prepares the global launch of its flagship “League of Legends”, which will be launched in North America this Autumn.


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