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Wednesday, July 16, 2008

OGPlanet Secures VC Funding From DFJ

MMO game publisher OGPlanet has announced that it has received funding from venture capital firm DFJ Athena. The company, which is expected to reach profitability shortly, intends to use the funding to support its growth and bring additional games to the US market.

Founded in 2005, OGPlanet licenses titles from Korea and markets them in the US. Its MMOG portfolio includes Cabal Online, Rumble Fighter, Albatross18 and La Tale (due Q3 2008), all of which are operated under a free-to-play model with in-game item purchases available through a microtransaction system.

Said DFJ Athena managing director Perry Ha: "OGPlanet has proven itself as a leading publisher of online games and has distinguished itself from others with its operational excellence. We are impressed by their strong growth and we are pleased to support their further growth."

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Posted by Eric Caoili on July 16, 2008 1:57 PM |

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