Star Citizen Raises Even More Money — Get All The Details Here
Cloud Imperium Games, the developer of the ambitious PC space sim Star Citizen, has raised even more money, but this time from investors instead of fans.
The studio has announced (via Kotaku) that the Calder Family Office, Snoot Entertainment, and ITG Investment have all purchased additional shares in Cloud Imperium. In total, Cloud Imperium has raised $17.25 million from these investors in the latest round of funding.
The three companies had already invested in Cloud Imperium before, back in 2018, so they were able to negotiate with the company to buy shares at a discounted price. Exact financial terms of the investment was not disclosed.
The Calder Family Office, Snoot Entertainment, and ITG Investment previously collectively invested $46 million into Cloud Imperium back in 2018.
Star Citizen has raised more than $275 million from fans. Combined with the private equity investment, Cloud Imperium has raised more than $300 million for the game and the studio.
The Calder Family Office is the company of Clive Calder, a billionaire whose labels have signed artists such as the Backstreet Boys and NSYNC. Snoot Entertainment is the parent company of Snoot Films, which produced The Guest and the new Blair Witch. ITG, meanwhile, is a hedge fund company.
Star Citizen is currently available to play in an alpha state. There is also a Star Citizen PvP game, and a single-player campaign called Squadron 42 that stars a long list of Hollywood A-listers.
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