LOL, I think they are getting in a little deep.
K2 Network, Inc. (www.k2network.net), an online game publisher, today announced that the company has closed a $16 million Series B round of venture capital led by IntelCapital, the investment arm of IntelCorporation. The funds will be used to further develop and internationally market and grow its portfolio of personal computer, Free2Play multi-player online games.
IntelCapital was joined in this funding by new investors Greycroft Partners, Khosla Ventures and Novel TMT Ventures as well as returning investors BV Capital and mvp Capital. The online gaming industry has grown rapidly in recent years and is forecasted to hit $13 billion by 2011 according to DFC Intelligence. With its plans for international expansion, key portfolio acquisitions and more, K2 Network is poised to be a significant player in that growth.