Outspark secures $11 million funding

Outspark secures $11 million funding

By Ed Fear

January 11th 2008 at 10:31AM

Online casual portal to use injection for further game acquisitions

Chinese casual gaming portal Outspark has secured $11 million in Series B financing.

The company, which features staff members from companies as diverse as Yahoo, EA, Blizzard and Nexon, plans to use the money for expansion and to enhance its current offerings.

“It’s an exciting time for the online gaming industry as it quickly becomes mainstream entertainment,” said Susan Choe, Outspark founder and CEO.

“At Outspark, our vision of providing an engaging virtual playground is gaining serious recognition from the gaming community. We look forward to providing even more interactive online entertainment for our rapidly growing audience.”

David Wallerstein, senior executive VP of Tecent International, one of Outspark’s new investors, added: "Online gaming has become one of the most important new cultural phenomena in Asia, and we believe that PC-based online games will find a huge market here in North America as well. Outspark is off to a great start in building a strong user community with its titles."