Funcom has announced that it has secured a $6.4M private investment in the company and that, combined with other debt conversion initiatives, its equity has improved from -$10M to +4M. The move gives the company better financial stability and footing to continue to develop both small and large titles including Conan Exiles, currently scheduled to hit beta testing this summer.
“This investment is a major turning point for the company,” said Funcom CEO Rui Casais. “Funcom has been making great games for more than twenty-three years, but it is no secret that the company has had a strained financial situation in recent years that made it challenging to fully realize our new strategy and get back on the right track. This investment allows us to finally do that.”
Read the full transaction details on the Funcom Investor site.