Webcarzz™, Inc. Secures $4 Million in Series A Funding
Meakem Becker Venture Capital (MBVC) Invests in Multiplayer Online Game Company
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,” 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.