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.
“We are impressed by their strong growth and we are pleased to support their further growth.”
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®
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.
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