Games - Friday, February 15, 2008
Realms' Spinoff Sparkplay Raises $4.25M
Redpoint Ventures and Prism Ventureworks have invested $4.25M in Mill Valley, CA-based Sparkplay Media. Sparkplay as announced one product - Earth Eternal, a 3d MMORPG, but says that this is part of a larger strategy.
The company's CEO and founder Matt Mihaly had founded Iron Realms Entertainment which he says pioneered the virtual asset sales model, releasing four profitable MMOs. That company's flagship is called Achaea.
Sparkplay says it has been self-financing for the past two years. They describe it as a spin-off of Realms. The difference in the company seems to be that Sparkplay will combine MMOs with social networks.
The demo looks cool
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