Ontario Teachers’ leads $85m round for Trion Worlds


Online games publisher and developer Trion Worlds has completed an $85m round of financing led by Ontario Teachers’ Pension Plan, Canada’s $108bn state pension fund.

Existing investor Bertelsmann Digital Media Investments (BDMI), the venture capital arm of German media giant Bertelsmann, also participated in the round.

Rift, Trion’s debut multiplayer online role-playing game, launched in March last year. Players activated more than one million Rift accounts in less than four months, and its North American and European revenues surpassed $100m in 2011.

The company is also due to launch its next two titles. End of Nations, its highly anticipated multiplayer real-time strategy game that is being developed with Petroglyph Games, is scheduled to start rolling out in early 2012.

Defiance is a collaborative project with Syfy to simultaneously produce a TV show and an online action game in the same space, with merging storylines and the ability to mutually impact events and consequences across the mediums.

Trion has also recently announced plans to launch an initiative, code-named Red Door, which comprises both a consumer platform and a full-scale publishing and development platform based on the technology used in its own games. The platform is built to host premium games with end-to-end capabilities and customised services for members.

Last year  Ontario Teachers’ Pension Plan also bought a majority stake in Flexera Software from Chicago private equity firm Thoma Bravo.

With $107.5bn in assets as of 31 December 2010, the Ontario Teachers’ Pension Plan is the largest single-profession pension plan in Canada. The group administers the pensions of 295,000 active and retired teachers in Ontario.

Copyright © 2012 AltAssets