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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. READ MORE>>.

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Riot Games Snags Mohn For Board

socalTECH

Los Angeles-based Riot Games , a venture backed developer of online games, said Wednesday that it has added Jarl Mohn to its board of directors. Riot Games is backed by online Chinese services firm Tencent, Firstmark Capital, Benchmark Capital, as well as angels Mitch Lasky and Rick Heitzmann.

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Riot Games Raises $8M

socalTECH

Los Angeles-based Riot Games , a developer of online video games, announced today that it has raised a new, $8M round of financing. The round came from Benchmark Capital, FirstMark Capital, and Chinese online services firm Tencent. 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. The funding round also included Lowercase Capital, Advancit Capital, CourtsideVC, Machine Shop Ventures, Luma Labs, and Cherrytree VC.

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Patron Picks Up $90M For Games, Consumer, Web Investments

socalTECH

A new, early-stage venture firm, Patron--which has one of its General Partners based in Los Angeles--said on Tuesday that it has raised $90M in a new venture capital fund. Yeh and Cho said that they have served across such companies as Riot Games, FirstMark Capital, and Andreessen Horowitz.

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Silicon Beach Report Sept. 19: Riot Games Inks Mastercard Deal

L.A. Business Journal

Mastercard to sponsor “League of Legends;” Newegg customer information hacked; March Capital Partners raises $13.6 million for ioTium

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Treehouse Games Finds $2.6M

socalTECH

Treehouse Games was founded by former Riot Games employee Michael Chu, and Ryan Sullivan. Chu previously was a product lead at Riot Games. The company said it was founded in the conviction that "games have the power to deepen and improve friendships".