Turbine Finishes $40M Investment Round

Turbine, creator of online worlds Lord of the Rings Online, Asheron's Call: Throne of Destiny, and Dungeons and Dragons Online, had received $25 million of a Series C round by late April. Now it's finished the $40 million round, led by Time Warner Inc. and GGV Capital with participation from existing investors, Highland Capital Partners, Polaris Venture Partners, Tudor Ventures and Columbia Capital. The announced plans for the money are to fuel company growth.

"The demand for massively multiplayer online worlds is exploding both geographically and in terms of platforms served," Hany Nada, managing partner, GGV Capital, said in a statement. "Turbine is a proven leader in massively interactive online entertainment and the incredible technology that supports it. We look forward to marrying our strengths both here and in Asia with Turbine's unique capabilities."