HTML5-based games studio Illyriad accelerates development with new funding

Newsbrief: HTML5 browser-based games studio Illyriad Games has raised new funds for its popular MMO browser game Illyriad, valuing the company at $1.75 million. Illyriad was released last year and features a persistent fantasy world in which players start with a single town, and expand their civilization by conquering neighboring cities and lands. The London-based company plans to use the funds to accelerate Illyriad development, while also hiring several new people to the team.