Giant Realm raises another $2 million for male entertainment portal
Giant Realm said it has raised $2 million from SoftBank Capital to expand its entertainment portal for male entertainment junkies and video gamers.
The investment brings the New York company’s total first round funding to $5.5 million. Last month, the company announced that Comcast Interactive Capital and Edison Venture Fund had invested $3.5 million. The William Morris Agency is also a backer. (our coverage).
In other news, the company said it hired Alan Pearlberg, co-founder of online storage firm Elephant Drive, as vice president of business development. Giant Realm has more than 4.2 million unique monthly visitors, according to the March 2008 comScore data. The company said it will expand its staff and add offices in Los Angeles and San Francisco.
Jordan Levy of SoftBank Capital has joined Giant Realm’s board. SoftBank’s Michael Perlis will be a board observer. The company has a raft of competitors, including UGO, GameSpot, Heavy.com to Fox’s IGN.com.
Next Story: Knife approaches back: Google considering walking away from Yahoo search ad deal
Previous Story: The ‘titans’ of venture capital: Entrepreneurs, we’re here to serve you
About the Author, Dean Takahashi
Dean is lead writer for GamesBeat at VentureBeat. He covers video games, security, chips and a variety of other subjects. Dean previously worked at the San Jose Mercury News, the Wall Street Journal, the Red Herring, the Los Angeles Times, the Orange County Register and the Dallas Times Herald. He is the author of two books, Opening the Xbox and the Xbox 360 Uncloaked. Follow him on Twitter at @deantak, and follow VentureBeat on Twitter at @venturebeat.