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Star Citizen developer Cloud Imperium has raised an additional $17.25 million in funding from existing investors.

Chris Kerr, News Editor

March 30, 2020

1 Min Read

Star Citizen developer Cloud Imperium has raised an additional $17.25 million in funding from existing investors. 

Multiple investors including the Calder Family Office, Snoot Entertainment, and ITG Investment all exercised a one-time option to purchase further shares in the company at a discounted price. 

The Calder Family were also involved in the $46 million private investment round that took place at the end of 2018, with those funds having being used to support the development and marketing of Star Citizen and its single player spin-off Squadron 42

Since development on Star Citizen began in 2011, Cloud Imperium has raised over has $275 million to finance the project through public and private crowdfunding initiatives. 

The multiplayer sci-fi title was originally due to launch in 2014, but a perpetually expanding roadmap means the game is still only available in alpha form.

About the Author(s)

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

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