Total amount raised
$21 Million
Latest funding date
12/1/2018
Location
Riot Games has raised funding over five rounds, with the latest being a Venture - Series Unknown round. The company has made 26 investments, including recent ones in Liminal Experiences and Wicked Saints Studios.
Riot Games is backed by four investors, with HAX and Tencent being the most recent. Keep reading to explore the intricacies of Riot Games' fundraising journey and the investors backing this innovative platform.
What Is Riot Games?
Riot Games, headquartered in Los Angeles, California, is a prominent developer and publisher in the video game industry. The company is known for creating popular titles such as League of Legends, VALORANT, and Teamfight Tactics.
Founded by Brandon Beck and Marc Merrill, Riot Games has grown significantly, employing between 1001 and 5000 people. The company operates as a private entity and has been acquired by Tencent.
Riot Games is involved in various sectors, including computer, developer platforms, PC games, and video games. The company is also active in esports and entertainment, producing content like the animated series Arcane.
How Much Funding Has Riot Games Raised?
- Series A
- Amount Raised: Not publicly disclosed
- Date: December 2006
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and fund initial development of their flagship game, League of Legends.
- Series Unknown
- Amount Raised: USD 7,000,000
- Date: July 2008
- Lead Investors: Benchmark, FirstMark
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate game development and prepare for the launch of League of Legends.
- Series B
- Amount Raised: USD 8,000,000
- Date: September 2009
- Lead Investors: Benchmark, FirstMark, Tencent
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the global launch of League of Legends and expand the company's infrastructure.
- Convertible Note
- Amount Raised: Not publicly disclosed
- Date: November 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund ongoing development and expansion of new game titles and esports initiatives.
- Series Unknown
- Amount Raised: USD 6,000,000
- Date: December 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support corporate social responsibility initiatives and community engagement through in-game fundraising campaigns.
Total Amount Raised: USD 21,000,000
Current Valuation: Not publicly disclosed
Key Investors
- Tencent
- Details: Tencent is a Chinese multinational conglomerate holding company. It is known for its investments in various internet-related services and products, including gaming, social media, and artificial intelligence.
- Investment Focus Areas: Gaming, social media, artificial intelligence
- Notable Investments: Riot Games, Epic Games, Supercell
- Benchmark
- Details: Benchmark is a venture capital firm based in Silicon Valley. It focuses on early-stage investments in technology companies.
- Investment Focus Areas: Technology, software, internet
- Notable Investments: Uber, Twitter, eBay
- FirstMark
- Details: FirstMark is a venture capital firm based in New York City. It invests in early-stage technology companies.
- Investment Focus Areas: Technology, software, internet
- Notable Investments: Pinterest, Shopify, Airbnb
- HAX
- Details: HAX is a venture capital firm and startup accelerator. It focuses on hardware startups and provides resources to help them grow.
- Investment Focus Areas: Hardware, robotics, health tech
- Notable Investments: Particle, Simbe Robotics, Makeblock
What's Next for Riot Games?
Riot Games stands at the cusp of significant opportunities, particularly in the realm of corporate social responsibility. By engaging their 100 million active monthly users in localized charitable activities, they can leverage in-game purchases to raise substantial funds. The success of their previous campaign, which raised over $6 million, highlights the potential for future initiatives.
Future fundraising opportunities are abundant, with the potential to expand similar localized campaigns and partner with global organizations. This approach not only enhances player engagement but also builds stronger community ties. However, Riot Games must navigate complex global laws and ensure the selection of reputable nonprofit partners to maintain their momentum.
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