Challenge Games, Andrew Busey’s latest startup and the company behind the popular online fantasy game Duels and the new fantasy baseball and card collecting game Baseball Boss, announced it has secured $10 million in Series B funding. The round is being led by Globespan Capital Partners with participation from Series A investor Sequoia Capital as well as existing investors. This closely follows the $4.5 million the company raised a few months ago.
“Challenge Games is addressing a real need in the market,” said Eugene Yoo, Vice President at Globespan Capital Partners. “Short form, free-to-play, web-based games have the potential to pull new consumers into the category. And the engaging gameplay of their titles appeals to the active casual and hardcore gamer as well.”
The money is planed to help accelerate growth through new games, partnerships and potentially acquisitions.
Given the recent layoffs at some of Austin’s leading game companies, including Midway Studios, Challenge Games likely finds itself an ideal destination.
On Networks