RuneScape Developer Accepts Cash Injection from Investment Firms

February 8, 2011 -

RuneScape maker Jagex Limited announced this morning that it has accepted a new round of investment from Insight Venture Partners, Spectrum Equity Investors, and The Raine Group. The company says that this cash injection will enable it to "accelerate growth of its development and publishing capabilities." Jagex recently published its first third-party title, War of Legends. The company plans to publish more titles in the next 12 months, and will continue to develop and publish its own titles for various platforms.

Chris Mitchell and Jim Quagliaroli of Spectrum Equity, and Brandon Gardner and John Salter of Raine, will join Jagex’s board of Directors as part of the investment deal. Mark Gerhard, along with Jeff Horing and Alex Crisses from Insight Venture Partners, will continue to serve as Directors of the company.


 
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