Online Gamer Multiverse Raises $4.175 Million In First Round

Online gaming provider Multiverse Network has secured $4.175 million in first round funding. The funding was led by Sterling Stamos Capital Management, which was joined by several unnamed angel investors; Joanna Strober, Stamos’ director of private equity, will join the Multiverse board. Multiverse was founded in 2004 by Netscape vets Bill Turpin (CEO), Rafhael Cedeno, Robin McCollum and Corey Bridges. The company says over 10,000 development teams have signed-up to use the Multiverse Platform, and that more than 150 teams are building projects ranging from fantasy and science fiction MMOGs (Massively Multiplayer Online Games) to educational worlds designed to teach users everything from math and science to Shakespeare. The company plans to use the funding for more hires, complete version 1.0 of its platform, and launch its consumer network of games and virtual worlds later this year or early 2008. Release

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