Realtime Worlds Hits The Jackpot: $50 Million In Funding

| 14 Apr 2008 15:11

Realtime Worlds, the developer behind the upcoming MMO All Points Bulletin has brought in $50 million USD in Series B funding from Maverick Capital. This studio is run by David Jones, the creator of Grand Theft Auto, and APB obviously has a few things in common with his original monster hit.

REALTIME WORLDS SECURES $50 MILLION IN SECOND ROUND FUNDING

Capital from Maverick, NEA and WPP Positions Leading Game Developer for Accelerated Growth and Innovation

DUNDEE, Scotland, UK and BOULDER, Colo. - April 14, 2008 - Realtime Worlds, a leading independent video game developer, today announced that it has raised $50 million USD in Series B funding. Maverick Capital, the renowned investment firm founded by Lee Ainslie, led the new investment round with existing investor New Enterprise Associates and WPP, a world leader in marketing communications services. The Series B investment will support Realtime Worlds' continued growth and expansion as the company develops new creative properties and brings innovative online gaming experiences to market.

"Securing funding of this size from partners that are leading the financial and marketing communications industries further affirms Realtime Worlds' position as one of the most creative, respected and successful game development companies in the world," said David Jones, founder and CEO, Realtime Worlds. "Since our founding, we have been fortunate to have some of the gaming industry's top creative talent crafting amazing, groundbreaking interactive entertainment products. With this new infusion of capital, Realtime Worlds is poised to deliver new original experiences to gamers around the globe and to push the boundaries of online gaming."

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