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Venture Capital News: City State Entertainment Nabs $15M

2022-11-22
FAIRFAX, VA, City State Entertainment announced today that it has secured more than $15 million in new capital from an array of minority investors.
City State Entertainment developer of the Massively Multiplayer Online Roleplaying Game Camelot Unchained, Final Stand: Ragnarok and the Unchained Engine announced today that it has secured more than $15 million in new capital from an array of minority investors. This funding round consists of a combination of new and original investors, including several from Mark Jacobs' last video game studio, Mythic Entertainment, Inc., which was sold to Electronic Arts in 2006.

City State Entertainment is led by videogaming industry veterans Mark Jacobs and George Davison. Jacobs was the co-founder and CEO of Mythic Entertainment Inc., one of the leading creators of online games in the early days of that medium. As lead designer, he helped bring out a wide range of online games, from MUDs to two of the most successful MMORPGs of all time, Dark Age of Camelot and Warhammer Online. George Davison, whose 22 years of experience in the industry include credits on big budget games like Destiny, Lord of the Rings games from WB and the beautifully crafted indie game Hob, is the architect and Lead Engineer of some of the core functionality of the Unchained Engine as well as managing the engineering team.
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