Realtime Worlds Secures Huge Funding

April 16th, 2008 Posted in Business, MMO, News, Xbox 360

RTW_logo_cmyk Independent game developer Realtime Worlds proudly announced today that it has raised $50 million in funding. The funding drive was performed by Maverick Capital, who led the new investment round with existing investor New Enterprise Associates and WPP, a world leader in marketing communications services. The investment will go into the studio’s growth and expansion as it develops its new properties as well as work on bringing MMO games to the market.

The studio was founded in 2002 by CEO and Creative Director David Jones alongside industry veterans Ian Hetherington and Tony Harman. To this date, the studio has pushed out Crackdown, a Xbox 360-exclusive title, that has won them much acclaim. They are currently working on All Points Bulletin, a massively multiplayer online game in the urban action genre.

This entry was posted on Wednesday, April 16th, 2008 at 7:40 am and is filed under Business, MMO, News, Xbox 360. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Realtime Worlds Secures Huge Funding”

  1. APB Developer Takes Back Distribution Rights : DigitalBattle Says:

    April 22nd, 2008 at 1:38 pm

    [...] the recent cash injection Realtime Worlds got? Well, they have put it to use to regain the worldwide distribution rights to [...]



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