Challenge Games Secures $4.5 Million Financing from Sequoia Capital

earthtimes.org     Jul 10, 2008            

AUSTIN, Texas - (Business Wire) Challenge Online Games™, Inc. (Challenge Games), developer of the popular Duels™ online fantasy game, today announced it has secured $4.5 million in Series A funding from Sequoia Capital, which has a long history of investing in market-leading gaming companies – including being the original investor in Atari, Electronic Arts and nVIDIA. Challenge Games also announced it signed a multi-year licensing deal with MLB Advanced Media, LP (MLBAM), the interactive media and Internet company of Major League Baseball. The funding and licensing deal will support expansion of the short-form, browser-based online game titles developed by Challenge Games, including a new kind of collectible card-based web sports game called Baseball Boss™, which the company launched today. As part of the agreement with the... [read full story]                    

FULL COVERAGE