Cash for Virtual Goods Company Rixty Raises $1.24 Million

With a business model of helping online gamers to exchange cash for virtual goods, Rixty has raised a $1.24 million seed round of funding from a group of early stage investors. The company works with Coinstar, the coin machine company, and convenience stores in more than 20,000 locations, letting users purchase credits or pre-paid cards that they can redeem in online games.