Venture capital-backed Rumble Entertainment raises $17.5m


dollar 20_sqVenture capital-backed free-to-play games developer Rumble Entertainment has raised a $17.5m Series B round led by its strategic partner Nexon.

TriplePoint Capital, original investors Google Ventures and Khosla Ventures, and additional strategic investors also participated in the round, which brought the company’s fundraising total to $35m.

The company will use the funds to expand its expand its portfolio of games and bring them to more devices and players.

Nexon CFO Owen Mahoney said, “As a first-mover in the West, Rumble is at the forefront of the industry’s evolution to free-to-play.

“As a developer and publisher of high-quality, immersive F2P games that are both synchronously multiplayer and fully playable across mobile devices and in PC browsers, Rumble delivers unique and compelling offerings to the market.

“We are incredibly excited to work with Rumble’s world-class team as they continue to influence the future of gaming by combining top-quality interactive entertainment with mobile, web, and free-to-play.”

Copyright © 2013 AltAssets