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Turbine secures $30 million investment

Ellie Gibson avatar
News by Ellie Gibson Contributor
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US-based massively multiplayer online games developer Turbine Entertainment has managed to secure a further $30 million in venture capital investment, according to reports.

It's thought that the funding has come from Columbia Capital, Tudor Ventures and previous Turbine investors Highland Capital Partners and Polaris Venture Partners.

The money will be used to fund two new MMO projects - Dungeons & Dragons Online and Lord of the Rings: Middle Earth Online. Vivendi Universal was originally lined up to publish the Tolkien licence, but Turbine took over the role in March.

The company has previously secured a venture capital investment of $18 million, which was spent on buying back Asheron's Call - a franchise Turbine had created - from Microsoft.

A release date for Middle Earth Online has yet to be announced, but D&D online is slated to launch in the autumn.

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Ellie Gibson avatar

Ellie Gibson

Contributor

Ellie spent nearly a decade working at Eurogamer, specialising in hard-hitting executive interviews and nob jokes. These days she does a comedy show and podcast. She pops back now and again to write the odd article and steal our biscuits.