Gaming Company ZeniMax Receives $9.9 Million Funding

What’s a mere $9.9 million if you’ve already raised $300 million in a previous round?

Video game maker Zenimax Media has received $9.9 million in funding from previous investor PE firm Providence Equity Partners in the new “strategic option grant”, reports VB.

Providence invested $300 million in a round announced in October last year. Founded in 1999, the Rockville, MD-based company makes games for PCs and the major gaming consoles; among its titles is Oblivion. Co-founded by prominent DC lawyer Robert A. Altman, Zenimax sports a high profile roster of directors and outside advisors including Les Moonves, Jerry Bruckheimer, baseball player Cal Ripken, Senator George Mitchell and former DNC chairman Terry McAuliffe.

Source PaidContent.org

Published by Reinout te Brake

Reinout is a games investor and strategic business consultant specializing in the games industry. Reinout established his credentials through his own successful investments, start-ups, consulting and (advisory) board positions that led through time to strong bonds with key stakeholders in this fast paced industry. He is known for his outstanding results in the gaming industry. He has worked with many game studios around the globe and is therefore well known in the international gaming industry. Check out his games podcast; https://www.game-consultant.com

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