# Red 5 Studios

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/red-5-studios

- Industry: Internet
- Headquarters: Laguna Hills, US
- Website: www.red5studios.com
- Total disclosed funding: $18M
- Latest round: Series A (Nov 21, 2006)
- Investors on record: 2

## About

Red 5 Studios develops immersive online gaming experiences, notably through its flagship product, Firefall. The company focuses on engaging and interactive gameplay that appeals to a global audience of gamers.Founded in 2005 in Laguna Hills, US, Red 5 Studios is primarily focused on creating online gaming experiences. The company was established by industry veterans including CEO Mark Kern, who previously worked with Blizzard Entertainment on the World of Warcraft franchise. The studio has successfully secured funding in multiple rounds, with the latest being a VENTURE DEBT round of USD 11.000 mn, contributing to its total amount raised of USD 15.000 mn across 8 deals.Red 5 Studios primarily focuses on developing immersive online gaming experiences, with its flagship product being Firefall, a free-to-play team-based action shooter. Firefall, released in beta in 2012, aims to unite millions of gamers worldwide by providing compelling gameplay, rich narratives, and detailed character interactions. The studio also plans to launch a mobile adaptation of Firefall to reach a wider audience beyond traditional PC gamers. The product is marketed in several regions, including North America, Europe, and Southeast Asia, with efforts in localized community management to enhance player experience.Red 5 Studios generates revenue through multiple channels, primarily via its flagship product, Firefall. Utilizing a free-to-play model supplemented with in-game purchases, players can acquire cosmetic items and enhancements. The company has also established partnerships, such as its licensing agreement with Garena for distribution in Southeast Asia, which includes upfront licensing fees and ongoing royalties based on game performance, increasing its revenue potential as new features and expansions for Firefall are rolled out.Red 5 Studios has strategies in place for future growth, focusing on the development of new products and features for Firefall to enhance user experience. The company aims to expand into new markets, particularly in North America and Southeast Asia, by leveraging its recent funding from the VENTURE DEBT round to support these initiatives. This growth plan underscores a commitment to building a sustainable community of players while continuously improving and adapting its gaming offerings.

## Funding rounds

- Series A, Nov 21, 2006, $9.6M — Benchmark, Sierra Ventures
- Series A, Sep 2, 2006, $8.9M — Benchmark, Sierra Ventures

## Investors

- Benchmark (https://capitalatlas.ai/funds/benchmark) — Series A
- Sierra Ventures (https://capitalatlas.ai/funds/sierra-ventures) — Series A