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Report: Realtime Worlds Raises $50 Million In Funding

According to a new report, Scotland-based developer Realtime Worlds (Crackdown) has raised $50 million in its third funding round led by Maverick Capital, allowing continued work on titles such as upcoming PC MMO APB.
Scotland-based developer Realtime Worlds (Crackdown) has reportedly raised $50 million in its third funding round led by Maverick Capital. This announcement follows the $31 million in funding it received from U.S. venture capital firm New Enterprise Associates (NEA) in 2006. Consumer tech news site TechCrunch cites a source with "knowledge of the deal," adding that Montgomery & Co, the dealmakers who represented Club Penguin in its $700 million sale to Disney, are likely also advisors on this deal. Realtime Worlds was founded by CEO and creative director David Jones, who created the Grand Theft Auto and Lemmings games franchises at DMA Design, now renamed as Rockstar North. In addition to its critically acclaimed Xbox 360 title Crackdown, which took the Best Debut award at the most recent Game Developers Choice Awards, the company is currently working with Korea's Webzen on the modern day cops and robbers MMO APB, which he discussed at length at this year's GDC.

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