Riot Games Raises $8 Million in Financing Led by Tencent Holdings, Benchmark Capital and FirstMark Capital

Strategic Investment Underscores the Global Promise of Riot`s Game Quality,
Publishing Platform and Digital Goods-Based Monetization Strategy
LOS ANGELES--(Business Wire)--
Riot Games, a leading independent developer and publisher of premium online
games, has closed a round of financing with the top venture capital firms,
Benchmark Capital and FirstMark Capital, and the Chinese online services company
Tencent. Tencent is the leading provider of internet value-added services with
more than 400 million users and the largest digital goods company in China,
which operates a fast growing online games business. The investment of these
strategic players signals Riot`s leadership position as an emerging leader of
next generation games based on a digital goods economic model.

Although still nascent in western markets, Riot`s session-based, free-to-play,
virtual item-based business model is by far the most popular business model for
monetizing games in Asia. While most North American and European publishers
continue to prioritize a packaged goods model, Riot has embraced the
"games-as-service" model, which it believes is undoubtedly the future of games
and a major global opportunity.

"Riot is fortunate to have such a strong and diverse group of investors who
support our vision of combining triple A quality gaming content with the
emerging free to play business model," said Brandon Beck, CEO, Riot Games. "With
our focus on delivering and operating core games as premium, live services that
constantly adapt to our customers` needs, we have a unique opportunity to build
global franchises. This new investment comes as Riot prepares the worldwide
launch of its flagship League of Legends title, and further positions the
company as a leader in next-generation online games."

Riot Games` first free premium game League of Legends is slated to launch in
North America this Fall. Earlier this year, Riot Games and Tencent announced a
distribution partnership for Riot`s "League of Legends" in the Chinese market.
For more information, please visit www.riotgames.com.

About Riot Games

Riot Games, Inc. (www.riotgames.com) is an independent Los Angeles-based video
game online video game developer and publisher, funded by venture capital firms
Benchmark Capital and Firstmark Capital as well as China`s largest internet and
online gaming company, Tencent. The Company was established in 2006 to develop
innovative online next-generation titles for consoles, mobile devices and the
PC. Comprised of industry veterans with a shared passion for creating fun,
innovative gameplay, the company is currently developing a cutting-edge online
gaming platform. Riots`s first title, League of Legends combines the best
elements of the action role-playing and real-time strategy genres into a
uniquely replayable and competitive multiplayer experience.

About FirstMark Capital

Based in New York City, FirstMark Capital, has established itself as a venture
leader with a strong, international reach over its thirteen year history.
FirstMark invests in companies that are creating new markets with innovative
technology solutions or disrupting existing markets by applying a novel business
model. With nearly $2 billion in capital commitments, FirstMark`s team of
investment and operations professionals have decades of real-world experience
and leadership in core technology markets, making the firm uniquely qualified to
offer industry insight, relationships and the operational expertise to partner
with entrepreneurs to build lasting businesses. Select historical investments
include: Netgear, Inc. (NASDAQ: NTGR); First Advantage Corp. (NASDAQ: FADV);
StubHub, Inc. (Acquired by eBay, Inc.); Netegrity, Inc. (Acquired by CA Inc);
Flarion, Inc. (Acquired by Qualcomm, Inc.); OutlookSoft Inc. (Acquired by SAP
AG); Analex Corp. (Acquired by QinetiQ); Vallent (Acquired by IBM); Syndesis
(Acquired by Subex) and Navic (Acquired by Microsoft). For more information,
please visit www.firstmarkcap.com.

About Benchmark Capital

Benchmark Capital, a leading international venture capital firm, was founded in
1995 to help talented entrepreneurs with original ideas build successful
technology companies. Benchmark's general partners take a team-oriented,
labor-intensive approach to venture investing to deliver a superior level of
service to the firm's portfolio companies. Benchmark's portfolio includes
high-profile start-ups like Infinera, MySQL, OpenTable, Second Life, Tellme,
Yelp, and Zillow, and franchise companies such as eBay, Juniper Networks and Red
Hat. The firm manages nearly $2.8 billion in committed venture capital. For more
information on Benchmark Capital, visit its website at www.benchmark.com.

fortyseven communications
Sibel Sunar/Laura Weir
323-658-1200
sibel@fortyseven.com/laura@fortyseven.com

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