Trion Snags $30 mln in Funding

By Kris Graft July 9th, 2007

Online game publisher and developer Trion World Network has finished a sizable funding round with help from Time Warner and NBC Universal. ImageRedwood City, Calif.-based Trion, which is working on games that are focused on taking advantage of broadband, said today that it raised $30 million in its latest funding round.

The round was led by Los Angeles, Calif.-based VC firm Rustic Canyon Partners and included investors Time Warner, GE/NBC Universal's Peacock Equity Fund and Bertelsmann Digital Media Investments. Existing investors DCM and Trinity Ventures also took part in the latest round.

Trion said that the funding would go towards development and publishing of new online games and "entertainment franchises."

Following the round, Rustic Canyon partner Nate Redmond will join the board. Redmond said that "The global media and entertainment industry is entering a disruptive cycle."

Time Warner Investments senior VP Rachel Lam said, "Trion's network service model for connected entertainment has the potential to dramatically impact how our industry creates and monetizes content and how consumers participate in the entertainment experience."