Vollee, World's-First 3G Mobile Gaming Solution, Completes Series A Financing

HERTZLIYA, Israel--(BUSINESS WIRE)--Vollee (formerly Game Stream) today announced the closing of its $4 million Series A financing round from lead investor BlueRun Ventures, along with Benchmark Capital who joined as an investor during 2006.

“The team at Vollee is overcoming these challenges; we think it’s a landscape-changing solution.”

Vollee provides PC and console-quality games on 3G mobile devices with a development & porting process of less than four weeks, without requiring access to the games’ original source code.

"Vollee's purpose is to fulfill the promise of mobile as a truly ubiquitous gaming device," says Yossi Hasson, CEO of Vollee. "We recognize that today the cost and time to create deep game experiences on mobile simply does not balance with the quality of the end product. By leveraging the existing assets from game owners and the new 3G capacity of mobile carrier networks, Vollee is leading the way to enabling the most advanced mobile gaming platform in the world."

By leveraging the bandwidth available in 3G mobile networks, Vollee's interactive video streaming platform delivers an exciting catalog of true PC and console titles with all the 3D graphics, sophisticated AI and deep game play previously unavailable on mobile. The patent-pending VolleeX engine intelligently adapts the games real-time to ensure fun gameplay on mobile devices.

“The current generation of mobile games have limited gameplay and graphics and require extraordinary time and money to produce, relative to typical financial returns,” said Arad Naveh, Partner at Benchmark Capital. “The team at Vollee is overcoming these challenges; we think it’s a landscape-changing solution.”

Vollee packages the games it licenses from PC and console game owners in an interactive mobile portal and partners with mobile operators to distribute and market the service to 3G subscribers.

Vollee has brought together a team of proven leaders in the mobile and gaming sector. Vollee’s management has worked previously at Comverse, Nokia, Apple, Enpocket and In-Fusio. Vollee was founded in 2005 and has offices in Israel, London and the United States.

About Vollee

Vollee radically changes mobile gaming by streaming PC and console titles to 3G mobile handsets. Our hosted software platform enables the intelligent adaptation and real-time delivery of proven games at a fraction of the cost and porting time typical today without sacrificing the original game’s graphics, artificial intelligence or physics. Games have never looked like this on mobile.

Leading video game publishers have entered into agreements with Vollee to bring world-class titles to market that were previously impossible on mobile devices. Vollee partners with 3G mobile operators to market and distribute the on-demand games to mobile gamers.

Vollee is funded by BlueRun Ventures and Benchmark Capital. For more information, visit www.vollee.com.

About BlueRun Ventures

Launched in 1998, BlueRun Ventures is a leading early stage venture capital firm. BlueRun Ventures' proven approach is to invest globally as a single fund in best-of-breed technologies and teams with the drive and ability to build leading global companies. BlueRun Ventures is headquartered in Menlo Park, California, with offices in Helsinki, Herzelia (Israel), Mumbai, Seoul and Shanghai. For more information, visit www.brv.com.

About Benchmark Capital

Benchmark Capital was founded in 1995 to help talented entrepreneurs build great technology companies. Benchmark's partners take a team-oriented, labor-intensive approach to venture investing to deliver a superior level of service to the firm's portfolio companies. Benchmark's portfolio includes franchise companies such as eBay (Nasdaq:EBAY), Handspring (Nasdaq:PALM), JAMDAT (Nasdaq:JMDT) and Juniper Networks (Nasdaq:JNPR). For more information, visit www.benchmark.com.