Xconomy Boston

Turbine, Inc. Obtains $40,000,000 New Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4e7c99ff-cba9-4f14-8e9e-7564874eae3d&Preview=1
Date
6/4/2008
Company Name
Turbine, Inc.
Mailing Address
PO Box 747 Westwood, MA 02090
Company Description
Turbine, Inc. is a premier producer, publisher and operator of online subscription entertainment and is headquartered in Westwood, Mass. With studios on two coasts, the company is the largest privately-held online games company in North America.
Website
http://www.turbine.com
Transaction Type
Venture Equity
Transaction Amount
$40,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The investment will be used to further accelerate Turbine’s growth as a global leader in online entertainment.
M&A Terms
Venture Investor
Time Warner Investments
Venture Investor
Highland Capital Partners
Venture Investor
Polaris Venture Partners
Venture Investor
Tudor Ventures
Venture Investor
Columbia Capital