$30M Investment in CCP For Future of VR Confirmed
A recent press release by CCP confirmed that a round of capital investment to the tune of $30 Million was secured by the company. The two principal investors are New Enterprise Associates and private equity firm Novator Partners LLP.
With CCP’s focus in VR over the recent months, it’s easy to see how investors would be eager to help them realize their vision. The work on their flagship VR product EVE: Valkyrie is promising to say the least (The amazing trailer for which can be viewed below). And with the work on Gunjack for the Samsung Gear ongoing as well it appears as though VR will become a primary focus for CCP; alongside it’s flagship MMO EVE Online.
With the upcoming changes to EVE announced recently at EVE Vegas also adding to player excitement for the future, it’s easy to see how CCP was able to secure such a promising deal. CCP’s sale of White Wolf Publishing to Paradox recently might have had something to do with a refocusing by the company on VR. Seems like good news to me.
The encouraging words of Harry Weller, general partner at NEA show some considerable confidence in CCP from their primary investor for this deal.
“We believe VR will revolutionize not just videogames, but the wider technology and media industry as a whole,” said Hilmar Veigar Pétursson, CEO of CCP. “We were there at the beginning, and this investment will give us strength to maintain our leading development efforts.”
“We’ve been admirers of CCP for quite some time,” said Weller. “Their legacy with EVE Online and early investments in VR have put them in a leadership position, and we want to partner with them to further build on the great platform they have already established.”
CCP is a leading independent game developer and has been praised for its artistry, game design and unique player-driven, infinitely scalable storytelling narratives. CCP is the creator of the critically acclaimed science-fiction game EVE Online (PC/Mac), DUST 514®, a groundbreaking, free-to-play, massively multiplayer online first-person shooter for the PlayStation®3, and Gunjack™, a virtual reality action game for the Samsung Gear VR mobile platform. The company is currently developing EVE: Valkyrie™, a multiplayer virtual reality spaceship dogfighting shooter for PCs and the PlayStation®4. Founded and headquartered in Reykjavik, Iceland, in 1997, CCP is privately held, with additional offices in Atlanta, Newcastle, and Shanghai. For more information, visit http://www.ccpgames.com.
About New Enterprise Associates
New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. With nearly $17 billion in cumulative committed capital since inception, NEA invests in technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm’s long track record of successful investing includes more than 200 portfolio company IPOs and more than 320 acquisitions. http://www.nea.com.
About Novator Partners LLP
Novator Partners is a London-based investment company led by Thor Bjorgolfsson. Over the last 10 years Novator has completed a significant number of investments in sectors including telecommunications, pharmaceuticals, technology, financial services, clean energy, consumer products and real estate. The Novator team is highly experienced in a wide range of situations – from traditional private equity to special situations including transforming investments for successful exits, and in private and publicly listed companies.
ISKMogul is a growing video game publication that got its start covering EVE Online, and has since expanded to cover a large number of topics and niches within the purview of gaming.