Printer Friendly

OGPlanet Receives Venture Capital Funding From DFJ Athena.

EL SEGUNDO, Calif. -- OGPlanet, an innovative provider of multiplayer online games, today announced it has received funding from a leading venture capital firm, DFJ Athena. This funding supports its continued growth and the company is expected to reach profitability shortly.

OGPlanet licenses online games from Korea and markets them in the US. Its growing portfolio of massively multiplayer online (MMO) games includes Cabal Online, Rumble Fighter, Albatross18 and the recently announced La Tale coming in the third quarter of 2008. OGPlanet operates all of its games under a free-to-play model while in-game item purchases are available through a micro-transaction system.

"We are pleased to be receiving funding from such a strong partner," said OGPlanet president SangChul Park. "This funding will help us grow much faster by bringing additional games to the US market."

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

About DFJ Athena

DFJ Athena is a venture capital firm focused on investments in leading startups in the global information technology sector. It is part of the DFJ Global Network of Partner Funds, a unique global venture capital model providing global reach through local presence. The DFJ Network has grown to encompass over 140 venture capital professionals in more than 30 cities throughout the US, Asia (including China and India), Europe, Israel, South America, and Russia, with more than 600 portfolio companies funded and over $6 billion of capital under management. With offices in Silicon Valley, USA and Seoul, South Korea, DFJ Athena is particularly focused on opportunities that leverage Korea's advanced technology infrastructure and on technologies with global relevance.

About OGPlanet[R]

OGPlanet is a leading North American publisher of online games. The company, founded in 2005, offers a selection of some of the best massively multiplayer online games from Korea on a free-to-play basis. Users experience beautiful, easy-to-play multiplayer online games without the obligations of a subscription fee. For more information, visit www.ogplanet.com.
COPYRIGHT 2008 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jul 16, 2008
Words:356
Previous Article:eBay Subsidiary Marktplaats.nl Grows Its Business with Sun Microsystems' MySQL Database.
Next Article:Inovio Biomedical's First Proprietary DNA Vaccine Achieves 100% Protection Against Avian Flu in Pre-Clinical Testing.
Topics:


Related Articles
DFJ AMERICAS GROUP.
DFJ Gotham Ventures Recruits Top Entrepreneur and Operator, Jed Katz; Hiring Marks Important Expansion of DFJ Gotham Investment Team.
DFJ Gotham Ventures Recruits Thatcher Bell as Associate; Hiring Marks Further Expansion of DFJ Gotham Investment Team.
Deeya Energy, A Clean Energy Technology Company, Raises Its First Round; BlueRun Ventures, Draper Fisher Jurvetson and DFJ Element Share the Round.
DisplayLink Raises $24 Million in Series C Venture Capital Round.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters