Six Degrees Games Inc., a Marina Del Rey, Calif.-based video game and virtual world publisher, has raised $7 million in Series A funding co-led by Clearstone Venture Partners and Prism VentureWorks.
Six Degrees Games, Inc., a video game and virtual world publisher, today announced it has secured $7 million in Series A equity financing led by Clearstone Venture Partners and Prism VentureWorks. These funds will support the product development, launch and distribution of an original sports-themed virtual world designed for six- to 14-year-olds, but open to all ages. The project is currently in closed beta and further details will become available over the next several months.
“It’s an exciting time for our entire Six Degrees Games team as we drive toward the launch of an all-new, interactive sports-themed virtual world,” said Minard Hamilton, CEO and co-founder of Six Degrees Games, Inc. “In Clearstone and Prism, we have found partners that not only share our vision, but will also add immeasurably to our successful execution.”
“At Clearstone, we take great pride in investing in high-caliber entrepreneurs focused on creating innovative consumer experiences. With Six Degrees Games, there is a unique opportunity to deliver an immersive, branded experience that will appeal to both kids and their parents,” said Jim Armstrong, Managing Director of Clearstone Venture Partners. “We are very excited to be working with Minard, Ben and the impressive team they have put together here in Southern California to go after this massive opportunity.”
“Six Degrees Games is poised to offer the youth market a virtual sports world that surpasses current offerings,” said Will Kohler, Prism VentureWorks. “Prism’s LA presence has opened doors into new, high-value opportunities and Six Degrees Games is a great example of this. Minard, Ben and the Six Degrees Games team have worked with major participants in the world of sports, leagues and brands and understand how to build high-growth, successful companies.”
Six Degrees Games, Inc. was founded in 2006 by Minard Hamilton, CEO, and Ben Jones, President, and is based in Marina del Rey, CA. Prior to founding Six Degrees Games, Minard Hamilton and Ben Jones were senior executives at JAMDAT Mobile, a leading mobile game company which went public in 2005 and was later acquired by Electronic Arts in 2006. Prior to JAMDAT, Hamilton was a senior executive with ESPN and ESPN.com and Jones established and coordinated partnerships between leading game developers and publishers.
As part of the financing agreement, Jim Armstrong, Managing Director, Clearstone, and Will Kohler, Principal, Prism VentureWorks, have joined the company’s Board of Directors.
About Six Degrees Games, Inc.
Six Degrees Games, Inc. is a video game and virtual world publisher for major video game systems and personal computers with headquarters in Marina del Rey, CA. For more information, visit www.sixdegreesgames.com.
About Clearstone Venture Partners
Clearstone Venture Partners is an early stage venture capital firm with offices in Santa Monica, CA, Menlo Park, CA, and Mumbai, India. Clearstone has a proven track record of developing market-changing consumer internet companies, including: PayPal, NetZero, Overture and CarsDirect. The firm has $650 million under management and is focusing investments in its third fund on seed and early stage companies in the United States and India. For more information, visit: www.clearstone.com.
About Prism VentureWorks
Prism VentureWorks is an early stage venture capital firm focused on disruptive segments in the Digital Media, Software & Services and Life Sciences sectors. The firm represents a committed team of early stage investors whose industry operating heritage and domain depth make them valued partners among entrepreneurs and syndicates in building successful businesses. Founded in 1996, the Firm has approximately $1.25 billion in capital under management with offices in Needham, MA, and Venice, CA. For more information, visit www.prismventure.com.