Blending Games with Web 2.0: Red 5 Alive with VC Funding

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Southern California based Red 5 Studios is reported to have raised $18.5 million in funding from VCs, Benchmark and Sierra.

Formed by Blizzard World of Warcraft developers, Red 5 aims to blend games with Web 2.0 social networking.

Their first title is being financed and will be distributed by Webzen and the $18.5 million will go towards back-end infrastructure.

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