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Funcom Secures Extra Funding

by Rainier on Aug. 29, 2005 @ 9:56 a.m. PDT

Funcom, known for Anarchy Online and the upcoming 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 HĂžjbjerg 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.”

“The continued success of ‘Anarchy Online’ and the incredible feedback on ‘Age of Conan’ at E3 this year proves our ability to develop and maintain world-class online games” said Trond Arne Aas, CEO of Funcom. “We are naturally pleased by the recent investment from NVP and their active involvement in Funcom. With the support of NVP and our other investors, we have the potential of taking a leading role in the content and technology-development in the next generation of online games. This investment also aids us in preparing even better for launching exciting new content on the upcoming consoles and Windows Vista.”

Funcom Portfolio highlights:

  • Age of Conan – Hyborian Adventures, Windows (In development)
  • Dreamfall: The Longest Journey, Windows Xbox (In development)
  • Anarchy Online – Lost Eden, Windows (In development)
  • Anarchy Online – Alien Invasion, Windows (2004)
  • Anarchy Online – Shadowlands, Windows (2003)
  • Anarchy Online – Notum Wars, Windows (2002)
  • Anarchy Online, Windows (2001)
  • The Longest Journey, Windows (2000)
  • Championship Motorcross 2001, Playstation (2001)
  • Championship Motorcross feat. Ricky Carmichael, Playstation (1999)
  • Speedfreaks, Playstation (1999)
  • NBA Hangtime, Super NintendoSega MD (1996)
  • Pocahontas, Sega Genesis (1996)
  • Casper - The friendly ghost, Playstation (1995)

Funcom is currently developing three Massively Multiplayer Online Games, including ‘Age of Conan – Hyborian Adventures’ and ‘Anarchy Online – Lost Eden’.

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