$161M Invested In Virtual World Co.'s In 2Q

  • July 10, 2008
Venture capital and media firms pumped more than $161 million into virtual worlds-related companies in the second quarter of 2008, according to new stats from Virtual Worlds Management. The biggest winners were a pair of massively multiplayer online development companies--Scotland-based Realtime Worlds and Westwood, Mass.-based Turbine, which snagged $50 million and $40 million investments, respectively.

In all, some 16 virtual worlds-related companies received funding in the second quarter-2008, including 3D social networking software developer Nurien and casual games/virtual world publisher PlayFish. Meanwhile, IAC gobbled up Girlsense.com, a fashion-oriented virtual world, and social network hi5 picked up Pixverse, a virtual platform development firm; though terms of both deals were not disclosed. --Tameka Kee

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