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Riot Games Acquired By Tencent

socalTECH

Los Angeles-based Riot Games , the online videogame developer headed by Brandon Beck, said late Friday that Tencent Holdings has acquired a majority stake in the company. The firms said that Riot Games will continue to maintain its headquarters in Los Angeles, and has plans to "hire aggressively" in 2011.

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Riot Games: $160,000 Raised For Japan Relief

socalTECH

Los Angeles-based Riot Games , the online game developer, said today that its players have raised over $162,000 for victims of the earthquake and tsunami in Japan. Riot Games donated all of its proceeds from player purchases of certain items to the American Red Cross from March 21st to March 27th.

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Three Good Snags Seed Funding

socalTECH

Los Angeles-based employee wellness and artificial intelligence (AI) software developer Three Good announced that it has raised a seed funding round. in that funding. The company says it is raising $2.5M

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Three Good Snags Pre-Seed Funding

socalTECH

Los Angeles-based employee wellness and artificial intelligence (AI) software developer Three Good announced that it has raised a seed funding round. The company says it has raised $700K in that pre-funding. in seed funding. The company said it is in the midst of raising $2.5

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Pragma is a back-end toolkit for gaming companies, so game developers can focus on games

TechCrunch LA

These days, most of the games developed need to be social, multi-platform and extensible, but there are only a few developers with the expertise to bring those toolsets to the profusion of new games that crop up every year. In the game industry, a game can stay in beta for years as developers work out the kinks.

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Riot Games Announces First Online Game

socalTECH

Los Angeles-based Riot Games , a venture-backed developer of online video games, announced Tuesday that it is will be releasing its first title--a free, online, multiplayer game called League of Legends. Tags: riot games league legends content online videogame game. READ MORE>>.

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March Capital Backs Video Game Developer Wavedash Games

socalTECH

Los Angeles-based venture investor March Capital Partners is the lead investor in video game developer Wavedash Games , which announced a $6M Series A funding round on Tuesday morning. According to Wavedash, the new funding will go to grow its team and complete the development of its game, Platform Fighter.