Internet Gaming Gate
(IGG to its friends), who you may recognize as the company behind such free to play MMOs as Myth War Online
, Zu Online
, and Tales of Pirates
, has announced that they have received a new chunk of funding
to the tune of $4.5 million USD from an investment capital firm to expand their operations. Having only launched in 2006, IGG has already put out an impressive number of titles and boasts a user base of over 3.5 million. If we had any doubts about the efficacy of the free MMO business model, this vote of confidence has to quell those doubts at least a little.
The funding was provided by IDG Technology Venture Investments
, a subsidiary of the International Data Group, a body whose primary goal is to link Silicon Valley to the burgeoning Chinese technology market through the use of venture capital.