Virtual worlds raised $594 million in 2008
Wed, Jan 21st, 2009
Investors pour $594 million in 63 virtual world companies in 2008, according to trade media firm Virtual Worlds Management.
The company noted a slowdown in the fourth quarter, with 13 companies raising $101 million, compared with bigger numbers in the three previous quarters. (The company didn’t provide a year ago figure). Chris Sherman, executive director of Virtual Worlds Management, said that 19 youth-oriented properties raised over $70.47 million over the course of the year. But it was a slower year for developers aiming at adults.
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