The Venture Codex

Led · Equity · Jan 2018

City State Entertainment develops massively multiplayer online roleplaying games, including Camelot Unchained and Final Stand: Ragnarok, and builds the Unchained Engine. The studio is led by industry veterans Mark Jacobs and George Davison. Jacobs was co-founder and CEO of Mythic Entertainment and lead designer on titles such as Dark Age of Camelot and Warhammer Online. Davison has more than two decades of experience and served as architect and lead engineer on core Unchained Engine functionality, with credits including Destiny and the indie title Hob. The company announced it has secured new capital in excess of $15 million from minority investors. The articles do not disclose operating metrics or detailed use of proceeds. City State Entertainment is a Fairfax, VA-based game studio co-founded by videogaming veterans Mark Jacobs (CEO) and Andrew Meggs (CTO). The studio develops the Massively Multiplayer Online Roleplaying Game Camelot Unchained and lists March on Oz among its titles. It secured a $7.5m minority investment to support ongoing development and operations. The company intends to use the funds to accelerate hiring in its Virginia and Seattle, Washington studios. Management describes the capital as directed toward both staffing and the delivery of Camelot Unchained. No operating metrics were disclosed in the article.