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General : Funcom Secures Equity Investment

Posted Aug 29, 2005 by Jon Wood

Funcom, the makers of Anarchy Online and Age of Conan - Hyborian Adventures, today announced that they have recieved extra investment money from  "Nordic Venture Parteners". Says an NVP representative of the deal, "The goal is to turn Funcom into a global powerhouse for subscription-based online games, and our investment will aid the company in evolving to the next level.”

Funcom secures €5 million in financing from Nordic Venture Partners

Durham, USA – August 29, 2005 – Funcom, a world leading developer and publisher of subscription-based online games like ‘Anarchy Online’ and ‘Age of Conan – Hyborian Adventures’, has secured a €5 million equity investment from Nordic Venture Partners (NVP). The investment is a further testament to Funcom being a world-class developer and publisher of online games, and will further aid the company in developing and publishing online games.
“This is another great recognition of Funcom as Europe’s premier developer of MMOG’s (Massively Multiplayer Online Games), and serves as a tribute to the company and the quality of our games and technology” said Torleif Ahlsand, Chairman of the Board of Directors in Funcom and Partner in Northzone Ventures. ”There is a considerable market potential for subscription-based online games, and Funcom is a leader in technology and quality within the segment. We are very glad to have NVP on board to further develop one of the most exciting creative environments in the Nordic region, and we feel confident they will aid us in becoming even better at creating world-class online products.”
“Being one of the leading information and communication technology investments funds in the Nordic region we are only looking for the very best technology companies, and we feel confident Funcom fits great in our portfolio” said Claus Højbjerg Andersen, Partner in NVP and new Boardmember of Funcom. “We are convinced of Funcom’s unique quality and their world-class staff and technology. Our aim is to improve the business side of Funcom even further, thus supporting the company in realizing their creative visions. The goal is to turn Funcom into a global powerhouse for subscription-based online games, and our investment will aid the company in evolving to the next level.”
[ expand press release ]
 
 
 
 
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