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Trion World Network Raises 70 Million USD for MMOs
KeyWord: Trion, MMO, WoW
Summary: Trion World Network announced it has raised 70 million dollars in a third round of funding to finance its massively multiplayer online games for the PC, reported by VentureBeat.
Trion World Network announced it has raised 70 million dollars in a third round of funding to finance its massively multiplayer online games for the PC, reported by VentureBeat.
The details are as below:
The amount is a big haul for a game company and, coming off the heels of an 83 million dollars round for Big Fish Games earlier this month, shows that video games are in favor among investors despite the tough economy. To date, Redwood City, Calif.-based Trion has raised more than 100 million dollars.
Trion is making server-based games, or ones that are stored and operated on servers more so than they are on your actual PC desktop, as many other hardcore MMOs are. The company says the design of its games to emphasize server-based interaction allows it to achieve the combination of high-quality graphics as well as dynamic game play. An example of the latter is a user could log into a virtual world and the environment could change overnight.
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The company was founded by former Electronic Arts online game executive Buttler and Jon Van Caneghem, creator of the best-selling \"Might and Magic\" and \"Heroes\" franchises. It has studios in Redwoo City; San Diego, Calif.; and Austin, Texas. Van Caneghem is working on a fantasy role-playing MMO.
The new round was led by Act II Capital and an unnamed \"large global financial institution.\" All previous investors also participated, including initial-round investors DCM and Trinity Ventures, and second-round investors Rustic Canyon, Time Warner, Bertelsmann and Peacock Equity �C the joint venture between GE Commercial Finance\'s Media, Communications & Entertainment business and NBC Universal.
The company\'s rivals include Activsion Blizzard\'s \"World of Warcraft,\" which has more than 10 million subscribers worldwide, as well as titles from other big companies in games such as Funcom and NCSoft. Trion has a lot of challenges. But it won\'t be deterred by lack of funding.
Read More Trion World Network raises 70 million USD for server-based online games
Resource: VentureBeat
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