Funcom Funding Fun: $6.3 Million Investment


Funcom’s staff may not be popping the (reasonably priced) champagne, but the developer can breath a sigh of relief over its financial situation. In a press release sent out today, Funcom CEO Rui Casais has revealed a $6.3 million private investment in the Norwegian game developer.

In addition, Funcom has announced that it has reduced its debt by $7.7 million thanks to a debt conversion process.

“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.”

Funcom has shifted strategy in recent months to developing multiple small to medium sized experimental projects. The Park, a horror game set in The Secret World, launched last year on PC and this year on PS4 and Xbox One. Funcom’s second experimental title, Conan Exiles, hits early access later this summer.

With offices in Oslo and North Carolina, Funcom holds one of the longest running portfolio of MMOs in the industry. The investment should come as good news to their player base and investors alike.

(Source: Funcom)

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