OGPlanet Receives Venture Capital Funding From DFJ Athena

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OGPlanet, 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.

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.

In : PC

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