Real Time Worlds confirms $50M raise
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… Continue Reading
More music startups get funding: OurStage and mTraks
Some investors tell us there’s not enough opportunity in music-related innovation to merit their money. But apparently, others disagree. OurStage, one of many sites that tries to nurture budding artists, has raised $13 million from a consortium of angel investors through Signature Capital LLC. Another, mTraks, has raised $550,000 from an unnamed investor.
OurStage is in some sense trying to duplicate traditional music charts — but for unknown artists. First, bands upload their tracks and videos… Continue Reading