VC firm which has supported NaturalMotion, Codemasters and Red 5 reportedly has cash to splash

Benchmark boasts $500m fund

MCV Staff 12th February 2008 Development News

According to a report on Private Equity Hub, venture capitalist firm Benchmark has closed another funding round, totaling some $500m.

The firm’s sixth funding round is said to be 20 per cent bigger than its fifth funding round from 2004.

Benchmark has invested in a number of games firms, including Codemasters, Red 5 Studios, NaturalMotion and Gaia Online. It also invested in Second Life creator Linden Labs, and has supported the likes of eBay.

The report adds that the money will be spent on opportunities on the West Coast, and in Europe via affiliate Balderton Capital.

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[Industry news] Pacific Standard Creative Launches as New Division of Pacific Standard Sound, Merging World-Class Film, Television, and Video Game Capabilities

Pacific Standard Sound (PSS), the award-winning sound design and full service post production and sound company whose work spans some of entertainment's most iconic properties, today announced the launch of Pacific Standard Creative (PSC), a new division purpose-built to serve the evolving storytelling and production needs of video game development studios, advertising agencies, trailer houses, and independent productions who demand world-class sound without compromise. Pacific Standard Creative will be helmed by industry veteran Eric Marks, who brings more than a decade of audio and engineering leadership, as well as two years as the Vice President of the Motion Picture Sound Editors (MPSE).

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