Recode has announced that it has raised a new $5 million round of funding from a variety of investors, including Lightspeed Venture Partners, a venture capital firm that helps startups get off the ground.
The funding, which was led by Lightspeed’s Chief Executive Officer, Michael Osterloh, is part of the company’s new slate of investments, which will be led by a new round of investors led by investment firm Kleiner Perkins Caufield & Byers, and includes investments from a large number of other big tech investors.
Recode previously reported on the Kleiner-led investment, which is expected to close in the next few weeks.
Recoding has been a pioneer in gaming since its early days in the early 1990s, and the company has been at the forefront of the growth of the video game industry.
Last year, the company reached $1.8 billion in revenue and generated $2.7 billion in sales, making it the most profitable game company in the world.
The company has become a popular source of revenue for tech companies, such as Facebook, Apple, and Twitter, which use its games to generate revenue for their mobile apps and websites.
The fund also includes the participation of some of the largest names in gaming, including Valve, who are looking to expand their involvement in the video gaming space with new content.
Recodes new hires include two former CFOs, Mike Schroeder and Steve Wozniak.
Recoded has also hired former Senior Vice President of Content and Product for Zynga Mark Rubin.
The acquisition will help expand Recode into a larger, more diverse group of contributors and users, according to Recode CEO and cofounder Kara Swisher.
“The combination of the talent and the team is the real magic, and we’re so excited to see this new team join our community,” she said.