Riot Games raises round for quick-hit 3D online games
Venture capitalists tend to stay away from funding game developers because games are considered a hit or miss business. But Riot Games has convinced some VCs it has some hits on the way. The company has raised a $7 million round of funding from Benchmark Capital and FirstMark Capital.
The money will go to complete the company’s first game, said Marc Merrill, president and chief marketing officer of the Los Angeles company. He isn’t telling what… Continue Reading