Jagex Limited, a Cambridge, UK-based developer and publisher of online games, has received an equity investment of undisclosed amount.
Investors include Insight Venture Partners, Spectrum Equity Investors and The Raine Group.
The company intends to use the funds to advance its development and publishing capabilities in support of continued enhancement of portfolio of games, which includes RuneScape.
Jagex also acts as a 3rd party publisher and recently published War of Legends. The company intends to release others 3rd party games throughout the next 12 months.
Following the transaction, CEO Mark Gerhard will continue to lead the company. Chris Mitchell and Jim Quagliaroli of Spectrum Equity, and Brandon Gardner and John Salter of Raine, will join Jagex’s board. Mark Gerhard and Jeff Horing and Alex Crisses from Insight Venture Partners, will continue to serve as directors.