A16z Leads $40M Funding Round for CCP Games

The studio behind Eve Online is planning to release a blockchain-based game.

AccessTimeIconMar 21, 2023 at 3:18 p.m. UTC
Updated May 9, 2023 at 4:10 a.m. UTC
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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.

The new capital will help CCP Games expand its research-and-development team to help create a blockchain-based massively multiplayer online (MMO) game title set within the universe of Eve Online, the pioneering online game first released by the studio in 2003.

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  • Andreessen Horowitz, which is known as a16z, announced its first gaming-specific fund in May 2022 with $600 million in committed capital. The firm is also one of the largest investors in the crypto industry, announcing its fourth crypto fund that same month with a $4.5 billion purse.

    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. “They're 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.”


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    Brandy Betz

    Brandy covered crypto-related venture capital deals for CoinDesk.

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