Realtime Worlds Receives $50 Million in Funding (XB360)

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The developers of Crackdown have gotten a new infusion of cash led by Maverick Capital, which will no doubt help the company as it develops the anticipated All Points Bulletin.

by David Radd on Monday, April 14, 2008

Realtime Worlds announced today that it has raised a $50 million investment (which confirms a report from late March). This Series B funding round was led by Maverick Capital, with New Enterprise Associates and WPP also contributing. This investment will help Realtime Worlds to grow and expand as they work on All Points Bulletin (APB).

"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 industry's 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."