Fenwick & West LLP represented Rumble Entertainment, Inc., a leading developer of premium, multiplatform free-to-play games, in its recently announced $17.5 million Series B financing. The transaction included a strategic investment from Nexon Co., Ltd., a worldwide leader in free-to-play online games, and included investments from TiplePoint Capital, original investors Google Ventures and Khosla Ventures, as well as other strategic investors. In conjunction with the investment, Owen Mahoney, Chief Financial Officer and Chief Administrative Officer of Nexon, joined the Rumble Board of Directors.
The company plans on utilizing the new financing and strategic relationships to fuel growth and expand its portfolio of rich, immersive games and bring them to more devices and players everywhere.
The Fenwick transaction team was led by corporate partners Mark Stevens and Greg Roussel, and corporate associates In Lee and Amit Khanna.