Trion Worlds, developers of the hit game Rift, have raised $85 million in their latest round of funding. These latest funds put Trion’s total money raised at $185 million. This funding round was led by Ontario Teachers’ Pension Plan in addition to other contributors including Bertelsmann (BDMI). CEO Lars Buttler did not divulge the company’s value as a whole after this round of funding, but he is very optimistic for the future saying:
We are thrilled about entering this exciting period of growth and scale with our investors. Backing from a stalwart long-term investor such as Teachers’, which has the experience and structure to support our vision, and the expanded relationship with our current stakeholder and great supporter, BDMI, is a massive endorsement for Trion.
Trion has announced that due to the success of the company and past funding, they expect to have an initial public offering in the near future. Based on the success of their numerous games like Rift, the MMORTS End of Nations, and the MMO being developed to coincide with a SyFy show, Defiance, they could have a successful IPO on their hands.
This new funding will be used to continue expansion into Europe and Asia with Rift specifically planned for release in South Korea and China early summer of 2012.
Lucas has evolved in his video game preferences. With a foundation in predominantly sports game, action adventure games are now his favorite to play. He is a competitive swimmer and likes to play volleyball, basketball, and golf.
About Default Prime
Default Prime is an independent video game website that is dedicated to bringing you the latest news, reviews, editorials, features, and video content on a daily basis. We like to keep things relaxed enjoy chatting and hanging out with our readers.
Trion Worlds, developers of the hit game Rift, have raised $85 million in their latest round of funding. These latest funds put Trion's total money raised at $185 million. This funding round was led by Ontario Teachers' Pension Plan in addition to other contributors including Bertelsmann (BDMI). CEO Lars B