Rumble Entertainment Closes $17.5 Million in Series B Financing Led by Nexon
Strategic Investment Underscores the Promise of Rumble’s Premium Game Quality,
Multiplatform Publishing Approach and Free-to-Play Business Model
SAN MATEO, Calif. -- October 29, 2013
Rumble Entertainment, a leading developer and publisher of premium,
multiplatform free-to-play games, today announced that it has closed a $17.5
million Series B round of financing led by strategic partner Nexon, a
worldwide leader in free-to-play online games. TriplePoint Capital, original
investors Google Ventures and Khosla Ventures, and additional strategic
investors also participated in the round, bringing Rumble’s total funding to
date to over $35 million. Rumble will use the financing and strategic
relationships to fuel growth and expand its portfolio of rich, immersive games
and bring them to more devices and players everywhere. The new round also
underscores Rumble’s leadership in the revolution to bring highly accessible,
blockbuster quality free-to-play games to browsers and mobile devices.
“We are inspired by Nexon’s leadership in merging the free-to-play model with
more immersive gameplay experiences,” said Greg Richardson, founder and CEO of
Rumble Entertainment. “Welcoming Nexon as a financial and strategic partner
allows us to capitalize on their global market presence and free-to-play
expertise, enabling a unique opportunity for us to build global franchises
that redefine the video game experience on digital platforms.”
Founded in Korea in 1994, Nexon pioneered immersive free-to-play games,
setting a new standard in which play is free and players have the option to
purchase in-game items to enhance their experience. Nexon currently services
more than 60 online games in over 100 countries.
“As a first-mover in the West, Rumble is at the forefront of the industry’s
evolution to free-to-play,” said Owen Mahoney, CFO of Nexon. “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.”
Fresh off the release of its first game KingsRoad in open beta, Rumble clearly
has a hit. KingsRoad is available on the web and Facebook and currently boasts
more than one million monthly active players with average session lengths over
an hour. Players are taking full advantage of the game’s multiplayer features,
with 40% of players joining in real-time cooperative play daily. Fulfilling
the team's multiplatform publishing promise, Rumble plans to launch KingsRoad
soon on tablets and in localized languages.
Rumble is led by an accomplished group of industry veterans with deep social
games and publishing expertise spanning the gaming world, from
critically-acclaimed MMOs and console games to hit social and mobile titles.
The team includes developers, executives and product leaders previously with
Zynga, Activision, BioWare, Blizzard, Playdom, Electronic Arts, Turbine,
LucasArts, and RockYou.
Rumble’s announced slate of premium games includes KingsRoad, a medieval
action role-playing game; Ballistic, a fast paced first-person shooter; and
Nightmare Guardians, a multiplayer tower defense game.
For more information, please visit http://www.rumblegames.com.
About NEXON Co., Ltd. http://company.nexon.co.jp/
NEXON Co., Ltd. (“Nexon”) (3659.TO) is a worldwide leader in free-to-play
online games. Founded in Korea in 1994, Nexon developed one of the world's
first graphics-based massively multiplayer online games. Nexon also pioneered
the concept of microtransactions and the free-to-play business model, setting
a new standard in which play is free, and users have the option to purchase
in-game items to enhance their experience. Nexon currently services nearly 60
online games in more than 100 countries and since its founding, Nexon has
generated more than 1.4 billion player registrations. The Company is
headquartered in Tokyo, Japan and its shares are listed on the Tokyo Stock
About Rumble Entertainment
Rumble Entertainment, headquartered in San Mateo, Calif., is dedicated to
building polished games and shared experiences that embrace the digital world.
The team is comprised of talented creators that believe in a customer-led
approach to delivering great games. Rumble’s upcoming 2013 slate of games are
free-to-play and available across a variety of browsers, mobile devices, and
social networks. Rumble is financed by Google Ventures and Khosla Ventures.
Learn more at http://www.rumblegames.com.
Greg Melchior, Corporate PR
Sard Verbinnen & Co
John Christiansen/Cassandra Bujarski
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