Camelot Unchained Studio City State Entertainment Receives Another 15M In Funding
Camelot Unchained developer City State Entertainment has secured over $15 million in additional funding in the studio’s most successful funding round to date. The latest funding round featured both old and new investors including Mark Jacobs’ newest game studio, Mythic Entertainment, which was acquired by Electronic Arts back in 2006.
According to the official press release, the funds will be used to continue developing their in-house Unchained Engine alongside its flagship games Camelot Unchained and Final Stand: Ragnarok and ramp up their business activities.
“As this is the largest funding round that the studio has received to date, I am extremely grateful to our investors, and long-term Backers of Camelot Unchained who share our vision for both our games and the cutting-edge engine that we have created,” City State CEO Mark Jacobs said. “We have already reaped some of the benefits from this funding round as we continue to take our development and leadership team to another level. With the uncertain and troubling economic times in the world, knowing that we can continue to work on our games while adding the people and talent we need to deliver on our current games is quite comforting.”
“This additional funding will allow us to continue to develop our engine, an engine that already delivers a variety of experiences not seen anywhere else in the industry from massive real-time online interactions in procedural player-built worlds to hand crafted multiplayer battles where heroes can engage armies of thousands of enemies at a time,” Chief Technical Officer George Davidson added. “I am looking forward to growing our team to polish and expand our cutting edge technology stack.”
Meanwhile, development on Camelot Unchained continues with still no launch date in sight over nine years after the game launched its Kickstarter campaign. Some backers who got tired of waiting for the game to launch are also reportedly still waiting on the studio to issue their refunds.
