Turbine secures investor funding of $6.6 million
MMOG developer raises equity ahead of release of free-to-play Dungeons & Dragons game
MMO game developer Turbine has raised USD 6.6 million in new venture capital funding one month before it launches its new free-to-play online Dungeons & Dragons game, according to a SEC filing.
The regulatory filing for a 'series D' funding round, planned to raise a total of USD 50 million, lists a number of companies, all of which are return backers of Turbine, reports Gamesutra.
Columbia Capital, Highland Capital Partners, Granite Global Ventures, Polaris Venture Partners and Tudor Ventures are all named in the filing, although individual investments are not disclosed. All have previously invested in the independent developer, which has raised around USD 95 million in equity prior to this round, according to the report, including a USD 40 million series C round last April.
Turbine is believed to be the MMO market's second biggest developer, behind Activision Blizzard, and is set release its Dungeons & Dragons Online game in a free-to-play form next month.