CCP Games, the Icelandic video game developer behind the popular space-themed MMO game Eve Online, has recently secured a $40 million funding round led by venture capital firm Andreessen Horowitz (A16z). This funding round marks the largest investment in CCP Games since its inception in 1997 and is a significant milestone for the company.
CCP Games has been a pioneer in the gaming industry, with Eve Online being one of the first massively multiplayer online games to gain a large following. The game has been running for over 18 years and has attracted a dedicated player base of over 300,000 subscribers. The game’s success has led to several spin-off games, including Eve: Valkyrie, a virtual reality space combat game.
The funding round was led by A16z, a Silicon Valley-based venture capital firm known for its investments in technology companies such as Facebook, Airbnb, and Lyft. The firm’s investment in CCP Games is a testament to the company’s potential for growth and innovation in the gaming industry.
According to Hilmar Veigar Pétursson, CEO of CCP Games, the funding will be used to accelerate the development of new games and technologies. He stated that “this investment will enable us to take bold steps forward in our mission to create virtual worlds more meaningful than real life.”
CCP Games has already made significant strides in this direction with its recent acquisition of London-based studio Sumo Digital. Sumo Digital is known for its work on popular games such as Sonic & All-Stars Racing Transformed and LittleBigPlanet 3. The acquisition will allow CCP Games to expand its development capabilities and create new games that push the boundaries of what is possible in virtual worlds.
The funding round also included participation from existing investors such as Novator Partners and NEA. Novator Partners is an Icelandic investment firm that has been a long-time supporter of CCP Games, while NEA is a global venture capital firm that has invested in companies such as Uber, Coursera, and Robinhood.
In conclusion, CCP Games’ $40 million funding round with A16z as the lead investor is a significant milestone for the company and the gaming industry as a whole. The investment will enable CCP Games to accelerate its development of new games and technologies and continue to push the boundaries of what is possible in virtual worlds. With the support of A16z and other investors, CCP Games is poised for continued success and innovation in the years to come.
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