Camelot Unchained Secures Additional $7.5 Million In Funding

City State Entertainment made a major announcement today concerning their PvP focused MMORPG Camelot Unchained. The studio has secured a $7.5 million financing round with GF Capital Management & Advisors. Mark Jacobs, founder and CEO of City Statement Entertainment, took the time today to stream a Q&A session regarding this investment round.

We learned that GF Capital Management and Mark Jacobs are no strangers, the two have worked together back in the Mythic Entertainment days. As Jacobs noted:

"Knowing that we have support from the same core investors who helped enable Mythic Entertainment to create Dark Age of Camelot is incredibly exciting. And when you add the benefits that the insight, experience and access that working with the senior leadership of GF Capital will bring to our company, the team is more enthusiastic than ever about delivering our games to an expanding global audience."

The additional funding was needed to expand both the Fairfax, Virginia and Seattle, Washington offices. Camelot Unchained had a successful Kickstarter campaign back in 2013, but there have been a number of delays and setbacks since then. Unlike most crowdfunded MMO projects, Camelot Unchain decided to built their own game engine, custom built to handle up to 2000 players in open world PvP battles. With this cash infusion, Camelot Unchained promises a beta later this year with full release in either 2019 or 2020.

Besides its custom game engine, City State Entertainment has also developed a Minecraft-like building system called CUBE (Camelot Unchained Building Environment) which is already available to backers to toy with. CUBE is being developed to fully support VR though there are currently no plays to offer Camelot Unchained on a VR platform.

Finally, the $7.5 million financing round representing a minority stake in the company. Mark Jacobs retains majority control of the studio and of the Camelot Unchained project. With the new funding included, Camelot Unchained has raised a total of $17 million thus far. Mr Jacobs has done a number of interviews concerning the new financing, those interested can find the links to those interviews and the first twitch Q&A session below.

Further Reading: Official Announcement, VentureBeat Interview, MassivelyOP Interview