Phoenix Labs raises Series C financing led by Sapphire Ventures
Vancouver-based game studio Phoenix Labs has secured an undisclosed amount in a Series C financing. The round was led by U.S. venture capital firm Sapphire Ventures. It was joined by other existing investors, including Everblue Management. The company's other backers include GGV Capital, Next Frontier Capital, Ridge Ventures and Signia Venture Partners. Founded in 2014 by Jesse Houston, Sean Bender and Robin Mayne, Phoenix Labs develops online multiplayer experiences for gamers. It will use the funds raised to expand its Vancouver and San Mateo, California studios, increase live service operations and development of new content for its debut title, Dauntless, and explore new platforms.
23 October 2018•3 mins read
