Riot Games is an American video game developer, publisher, and eSports tournament organizer established in 2006. Their main office is based in West Los Angeles, California. They currently have additional offices located in Berlin, Brighton, Dublin, Hong Kong, Istanbul, Mexico City, Moscow, New York City, St. Louis, Santiago, São Paulo, Seoul, Shanghai, Singapore, Sydney, Taipei, and Tokyo.
Riot Games was founded as an indie game developer in 2006 by Brandon “Ryze” Beck and Marc “Tryndamere” Merrill in Los Angeles.The company announced its only game, League of Legends: Clash of Fates, in October 2008, and released the game in October 2009 as simply League of Legends. Their game uses a free-to-play model, supported by microtransactions rather than ads or boxed copy sales.
In 2008, Riot Games obtained initial funding of US$7 million provided by venture capital firms Benchmark Capital and FirstMark Capital. In a second round of funding in 2009, the company raised $8 million from Benchmark, FirstMark, and Chinese technology company Tencent Holdings. In early 2011, Tencent Holdings bought out a majority stake in Riot Games. Tencent later reported the deal was for $231,465,000 in an interim report.
Employees at the company include veterans of Defense of the Ancients, such as the former lead developer Steve “Guinsoo” Feak, and the former official DotA-Allstars.com website founder Steve “Pendragon” Mescon. Riot Games also employs some former Blizzard Entertainment employees. On July 12, 2013, Business Insider named Riot Games #4 on its list of the top 25 technology companies to work for in 2013