Riot Games Announces First Online Game

Los Angeles-based Riot Games, a venture-backed developer of online video games, announced Tuesday that it is will be releasing its first title--a free, online, multiplayer game called League of Legends. According to the firm, the new game will be supported by virtual currency and ability to customize and modify content within the game. Riot Games, which is venture backed by Benchmark and Firstmark, said the game will be released in September of 2009, running on Windows PCs. Riot raised $7M in funding from Benchmark and Firstmark in July of 2008; the firm's principals have been involved in Ultima Online, Dungeon Siege, Jak & Dexter, Heroes of Might & Magic, and other titles. Former JAMDAT founder Mitch Lasky is on the firm's board.