Nurien Picks up $10 Million in Funding
14 January, 2009 -
Nurien Software announced today that it has closed a Series A-1 funding round. This $10 million in financing was led by Northern Light Venture Capital, Globespan Capital Partners, New Enterprise Associates and QiMing Venture Partners. Nurien will use these resources to expand their online gaming offerings and to create a networking platform.
Researchers at In-Stat have predicted that the number of registered users of virtual worlds will exceed one billion and that the total revenue will surpass $3 billion by 2012, which is encouraging for 3D social networking services like Nurien.
"We've seen great responses from beta users over the past few months, longer log-in times and a perfect balance of female and male players unseen on most other platforms," said Taehoon Kim, co-founder of Nurien Software. "We're excited to be moving into 2009 with backing and support from such top-tier investors. With the funding, we'll be able to perfect our platform and bring on more content, game and customization features in the next year."
"Nurien's technology is unlike anything the world has yet to experience in social networking services," said Jeffrey Lee, CFO of NLVC. "Our support along with Globespan Capital Partners, New Enterprise Associates, and QiMing Venture Partners attests Nurien's world class technology and platform service, long-term vision and focus on the global market."