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Turbine Confirms $40 Million Series C Round

We reported on April 30 that Turbine Entertainment, publisher of The Lord of the Rings Online and other popular massively multiplayer online games, had raised $40 million in a Series C venture round, bringing its total financing to some $90 million. Now Turbine has confirmed the news, adding one bit of additional information: Time Warner is co-leader of the round, alongside GGV Capital. Existing investors Highland Capital Partners, Polaris Venture Partners, Tudor Ventures, and Columbia Capital also participated.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.

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