Sports Gamer Six Degrees Raises $7 Million Second Round
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Six Degrees Games, a sports-focused online gaming company, has raised $7 million in a second round of funding, per an SEC filing. Time Warner (NYSE: TWX) Investments led, with participation from previous backers Clearstone Venture Partners and Prism VentureWorks. The company has raised $14 million in total. It will use the new money for tech development and new licensing deals; players can create virtual athletes that work their way up through official leagues like the NBA and MLB.
Six Degrees was founded in 2007 by Minard Hamilton and Ben Jones, both former Jamdat Mobile execs; Hamilton, who serves as CEO, also had a two-year stint as GM of ESPN.com. The company launched its flagship site, ActionAllstars.com, last December; Hamilton tells VentureBeat that traffic has topped the one million monthly unique user mark. He also said that the company will add virtual goods to the game later this week.
SEE ALSO: Updated: Six Degrees Games Raises $7 Million First Round
Rival companies include football simulator Quick Hit (formerly Play Hard Sports) and Upper Deck (which runs UpperDeckU).
Posted In: Entertainment, Games, Sports, Money, M&A & Venture Capital, Venture Capital, time warner investments
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