Jagex, the games studio behind RuneScape, raises further funding
As part of the arrangement, Chris Mitchell and Jim Quagliaroli of Spectrum Equity, and Brandon Gardner and John Salter of Raine, will join Jagex’s board of Directors. Mark Gerhard, along with Jeff Horing and Alex Crisses from Insight Venture Partners, will continue to serve as Directors.
Cambridge, UK-based Jagex has over 40 online titles and its flagship game, RuneScape, makes the bold claim of being the world’s most popular free-to-play massively multi-player online game. Alongside the company’s in-house development studio, Jagex is also expanding to become a third-party publisher for other games developers. The first third-party title published by Janex is War of Legends, while the company plans to release numerous third-party games throughout the next 12 months.