Fenwick & West represented Phoenix Labs, an independent game studio committed to building shared gaming experiences, in its Series B financing. Leading technology investors Sapphire Ventures, GGV, Ridge, Signia, Next Frontier and MTGx participated in the round.
Phoenix Labs will leverage the funds to build upon the foundation of Dauntless, their gaming debut PC title, and create an online experience that will push the boundaries of the genre and industry going forward. In addition, Phoenix Labs plans to expand its development footprint with a new studio in San Mateo, California and grow its creative and passionate team. More information about Phoenix Labs’ Series B financing can be obtained from the company announcement.