Real Time Worlds confirmed today that it has raised $50 million in venture capital to fund its online gaming ventures. The Dundee, Scotland video game studio will use the second round of funding to develop games such as All Points Bulletin, a massively multiplayer online game.
The round was led by Maverick Capital and existing investors New Enterprise Associates and WPP also participated. Real Time Worlds is run by founder David Jones, the creator of the original Grand Theft Auto game that has become one of the biggest video game franchises of all time.
The company has more than 200 game developers on staff and it produced the hit Xbox 360 console game “Crackdown,” its debut title, in 2007. The game sold more than 1.4 million units, which means it generated roughly $84 million at retail.
Tags: co:real time worlds, inv:Maverick-Capital, inv:New-Enterprise-Associates, inv:WPP2 Comments
-
CollegeMogul.com said:
Video game scenarios and graphics are so incredible now a days, so much that it has even spawned a startup to create a “YouTube” for them called WeGame:
WeGame: The YouTube for Gamers
http://collegemogul.com/2008/04/09/wegame-the-youtube-for-gamers/
-
Geomancy said:
Crackdown was so much fun that I might give APB a try. Sure, no hopping on rooftops I imagine, but still…it might be fun.
One Trackback
3:12 am
TechCrunch UK » Blog Archive » Scotland confirmed as UK’s gaming hub as Realtime Worlds pulls $50m said:
[...] by Grand Theft Auto creator Dave Jones, ex-of Rockstar Games in Dundee, and now has 200 employees. (Via and Release) TCUK digg_url = [...]