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Thursday, August 28, 2008

Investments: Webcarzz Picks Up $4 Million In Series A

Online game developer and publisher Webcarrz secured $4 million in Series A equity financing led by VC firm Meakem Becker Venture Capital.

The funds will go towards supporting the studio's development, deployment, and marketing of its upcoming multiplayer online game. Though little has been revealed about the casual title, other than it offers a social play area without requiring fixed play patterns, the company will announce further details in the coming months.

Based in California and founded in 2007, Webcarzz has partnered with development studio MCS Games, whose client list includes Disney Interactive, Sun Microsystems, Hasbro, and Sony Online Entertainment.

Said Webcarzz CEO Chris Bergstresser: "With over 300 million online gamers today, the time is ripe for virtual worlds and multiplayer online games. Competitive play, multiplayer activity, and exploration make up the foundation for Webcarzz."

He continued: "Together with MCS Games, we are creating a very unique and highly engaging online destination aimed at a very specific and underserved market segment. With MBVC and MCS Games as our partners, we will be able to execute on our vision and deliver a truly innovative consumer experience."

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