Sorrent Raises $20 Million

Aug 03, 2004

Sorrent, Inc., a creator and publisher of mobile entertainment, has raised $20 million in Series C financing led by BA Venture Partners. Sorrent's current investors New Enterprise Associates (NEA), Globespan Capital Partners, and Sienna Ventures join BA Ventures in the round. Sharon Wienbar, a director at BA Venture Partners, will join Sorrent's board of directors. Sorrent plans to use the money to expand its global reach and distribution. Sorrent has also announced that it has signed a direct publishing agreement with SK Telecom, a Korean provider of information and telecommunications services. Sorrent's content features single and multiplayer games based on original and licensed properties, including a suite of FOX Sports titles. Sorrent has developed a proprietary technology infrastructure that is designed to deliver mobile games to Java and BREW-enabled handsets.