Webcarzz(TM), Inc. Secures $4 Million in Series A Funding

SAN FRANCISCO--(BUSINESS WIRE)--Webcarzz™, Inc., a California-based multiplayer online game developer and publisher, today announced it has secured $4 Million in Series A equity financing led by Meakem Becker Venture Capital (MBVC). The funds will support the full cost of development, deployment and marketing of the company’s upcoming multiplayer online game. Webcarzz will announce further details on the game in the coming months.

“We invest in great people and companies with compelling products or services that have the potential to become industry leaders and innovators”

“We invest in great people and companies with compelling products or services that have the potential to become industry leaders and innovators,” said Glen Meakem, co-founder and managing director of Meakem Becker Venture Capital. “Webcarzz provides a unique and compelling investment opportunity in the high growth online games market, which is forecasted to reach $13.1B in global revenue by 2012.”

The internal Webcarzz team is augmented by award-winning game development studio MCS Games, whose expertise in game design and online game technologies will be utilized to push the envelope in Flash-based MMOs.

“With over 300 million online gamers today, the time is ripe for virtual worlds and multiplayer online games,” said Chris Bergstresser, CEO of Webcarzz. “Competitive play, multiplayer activity, and exploration make up the foundation for Webcarzz. Together with MCS Games, we are creating a very unique and highly engaging online destination aimed at a very specific and underserved market segment. With MBVC and MCS Games as our partners, we will be able to execute on our vision and deliver a truly innovative consumer experience.”

Webcarzz, Inc.’s founders and executive team include top interactive entertainment and development executives responsible for numerous top selling and highly acclaimed video games (PC, console, mobile, online) that have generated more than $1BN in revenue.

The company is developing a casual multiplayer online game that offers a social space in which users can engage in play amongst others, but which does not require fixed play patterns, or skill levels, for success.

About Meakem Becker Venture Capital

Meakem Becker Venture Capital was founded in late 2005 by Glen Meakem and Dave Becker. The firm helps entrepreneurs build leading companies. Meakem Becker is currently investing from its first formal fund.

About Webcarzz, Inc.

Webcarzz is a California-based multiplayer online game developer and publisher. Founded in 2007, the company is funded by Meakem Becker Venture Capital (MBVC).

About MCS Games

MCS Games (www.mcsgames.com) is a California-based game developer and game engine licensor. Its clients have included Disney Interactive, Sun Microsystems, Hasbro, and Sony Online Entertainment.