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Game Developer Turbine Entertainment Raises $18 Million in First Round

Authored by Mark Hefflinger on December 15, 2003 - 5:09am.
Westwood, Mass. -- Nearly ten years after its founding, Turbine Entertainment Software, a developer of massively multiplayer online games, has raised $18 million in its first round of venture capital. Highland Capital Partners led the investment, which included funds from Polaris Venture Partners and existing individual investors in the company. Massachusetts-based Turbine created Microsoft's popular "Asheron's Call" online game, and is currently developing both "The Lord of the Rings: Middle-Earth Online" for Vivendi Universal Games, and an online version of the popular roleplaying game "Dungeons and Dragons," for which Turbine holds a sublicense. The company employs about 120 people.
http://www.turbinegames.com

tags: Games | VC | First Round | Turbine Entertainment |

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