$4.5m funding boost for MMO firm IGG

$4.5m funding boost for MMO firm IGG
Michael French

By Michael French

January 2nd 2008 at 3:02PM

Cash to grow development team and widen publishing portfolio

MMO firm IGG has closed a round of funding, boosting the firm's bank balance with a $4.5m cash injection.

The round of Series A funding was led by IDG Technology Venture Investment.

IGG said in a statement that the cash will be used to "expand global sales and marketing, to implement strategic plans, and to further the development of more innovative and entertaining games". The money will also aid IGG's international growth.

The firm currently operates six MMOs via its www.igg.com portal with 3.5m registered users.