Realtime Worlds confirms $50m funding boost

Realtime Worlds confirms $50m funding boost
Michael French

By Michael French

April 14th 2008 at 10:15AM

Second round of VC money-raising for Crackdown developer

Realtime Worlds has confirmed previous reports that it has secured some $50m in funding.

The Series B round of financing saw Maverick Capital lead the new investment round with existing investor New Enterprise Associates and WPP.

The money will, the studio said in an official statement aid 'continued growth and expansion as the company develops new creative properties and brings innovative online gaming experiences to market'.

Realtime Worlds had previously raised some $31m in financing in late 2006.

Securing funding of this size from partners that are leading the financial and marketing communications industries further affirms Realtime Worlds position as one of the most creative, respected and successful game development companies in the world, said David Jones, founder and CEO, Realtime Worlds.

“Since our founding, we have been fortunate to have some of the gaming industrys top creative talent crafting amazing, groundbreaking interactive entertainment products. With this new infusion of capital, Realtime Worlds is poised to deliver new original experiences to gamers around the globe and to push the boundaries of online gaming.