MMO publisher Trion World Network announced today that it has closed a $70 million Series C funding round co-led by an unnamed large global financial institution and Act II Capital with participation from all previous investors, including first-round participants DCM and Trinity Ventures, and B-round investors Rustic Canyon, Time Warner, Peacock Equity, and Bertelsmann.The money will go towards bringing out its first two titles, a fantasy MMOG and a recently announced project with the Sci-Fi Channel to co-develop a virtual world and new show.
"Trion is set to redefine today's electronic entertainment sector through its ability to develop compelling broadband-connected games, innovative entertainment content and strong business relationships like its co-development deal with the SCI FI Channel," stated Tom Byrne, managing director and group head, Peacock Equity, which participated in the round. "We are focused on gaming as an attractive space and are pleased to deepen our relationship with Trion as they bring together the best of gaming, the Web and television."
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