A16z Leads $40M Funding Round for CCP Games
Summary
Video-game developer CCP Games has raised $40 million in a funding round led by investment giant Andreessen Horowitz, the company said Tuesday in a statement. Iceland-based CCP, which was founded in 1997, said in the announcement that the new game would use smart-contract technology to create relationships between the virtual worlds and players. Other investors in the round included Makers Fund, Bitkraft, Kingsway Capital, Hashed and Nexon, among others. CCP Games is a pioneer in virtual worlds and digital economies with 25 years of experience creating living sandboxes with unparalleled depth, said a16z general partner Jonathan Lai in the statement. Theyre a veteran team, and we believe in their ambitious vision to deliver incredible player experiences at the intersection of best-in-class game design and blockchain technology.