Coders receive cash boost

by Lisa Foster
Leading VC firm Benchmark Capital Europe, which boasts the likes of eBay in its portfolio, has invested in the publisher, taking a 40 per cent stake in Codemasters as part of the deal.

The funds raised will be used to accelerate Codemasters’ game development, particularly across next-generation platforms.

The veteran games company will also target new distribution formats such as mobile, Internet and MMO products. At the same time, Codesmasters will continue its expansion into new international territories.

“Benchmark is a great partner for Codemasters,” said chairman and CEO David Darling (pictured).

“The Benchmark team shares our ambition for quality, innovation and making online a major element of the gaming experience. We are very pleased to welcome Benchmark to this business and the exciting world of video games.

“Codemasters has grown organically to become the largest privately owned video games publisher in Europe. Benchmark’s investment – and also, importantly, the involvement of Benchmark’s highly talented team – will now provide the perfect opportunity for Codemasters' next growth phase.”

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