alarm:clock

Games - Thursday, May 31, 2007

PE Firm Invests In Multiplayer Game Tool Maker Multiverse

Multiverse says that it can take 3 years and $20M to create a Massive Multiplayer game. The startup says it has dramatically lowered that cost to free and a few months of development by giving away a developer SDK and powering sites. Developers can even buy and sell assets for games built on the Multiverse Platform. Multiverse works on a rev share basis remitting 50-70% of revenues to the publisher.

Mountain View, CA-based Multiverse Network has now raised $4.175M in Series A funding led by Sterling Stamos Capital Management.

The company was founded in 2004 by former Netscape employees. Normally, we take advisory boards with a grain of salt as they are more often than not just show-pieces, but Multiiverse has a dazzling group: Terminator/Titanic maker Jim Cameron, former Yahoo SVP Doug Garland, film producer Jon Landau and others.

Now, what Multiverse needs is a hit by one of its developers to prove the model.

View - site