Cases and Deals
Deal

Venture Capital Investment for an Online Game Developer and Publisher

Blank Rome advised Webcarzz, Inc., a California-based multiplayer online game developer and publisher, with respect to its venture financing.  Meakem Becker Venture Capital (MBVC) provided the $4 million of Series A equity financing.

"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."

"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."

Webcarzz is a California-based multiplayer online game developer and publisher.  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.

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.

Blank Rome has acted as general counsel to Webcarzz and has advised Webcarzz with respect to formation, venture financing and corporate matters, executive compensation, equity incentive plans and intellectual property matters.

online game developer and publisher