More funds for Funcom

More funds for Funcom
Michael French

By Michael French

June 27th 2007 at 2:30PM

Norweigan developer gets $30m to aid launch of Age of Conan MMOG

Funcom has received some $30m in investment in order to boost the upcoming launch of its Age of Conan: Hyborian Adventures MMO.

The game is due out at the end of October, and the developer has high expectations for its title.

Also, the company has confirmed it plans to enter the casual MMO segment and is 'currently evaluating several possible expansion opportunities' - which may include acquisitions.

Funcom had already recieved a grant from the Norweigan Film Fun to boost its plans for episodic games.

“We’re expecting the launch of Age of Conan to create significant waves in the MMO gamespace,” said Funcom CEO Trond Arne Aas.

“With the secured additional funding Funcom is in an even better position to make the launch of the game a success. This commitment from the financial market is reflecting the great promise and expectations for Age of Conan.”