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Media Startup Led by Former Riot Games Brass Raises $3.6 Million

Crowd Control: A live e-sports event for Riot Games’ “League of Legends.”

Photo by Riot Games

El Segundo motion picture and video game producer Wonderstorm Inc., founded by three former Riot Games Inc. leaders, has raised $3.6 million in financing, according to an Aug. 23 Securities and Exchange Commission filing.

Wonderstorm president Justin Santistevan said the funds come from Madison Well Media, a Century City-based media and entertainment company whose chief executive is billionaire Gigi Pritzker.

Wonderstorm develops a mix of video games and motion picture content. Last September, its fantasy animated series “Dragon Prince” debuted on Netflix Inc.’s streaming service. The company is now developing a video game inspired by the series’ story and characters.

Wonderstorm was incorporated in 2016 by Santistevan, Justin Richmond and Aaron Ehasz, who worked previously as department heads at Riot Games – the company behind the popular “League of Legends” multiplayer video game.

Media and entertainment reporter Matthew Blake can be reached at (323) 556-8332 or mblake@labusinessjournal.com. Follow him at @mattpennyblake.

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