Funcom’s LEGO MMO gets £1m funding boost

Funcom has secured 960,000 in additional funds for the development and release of its upcoming MMO LEGO Minifigures Online.

The extra money is part of a deal in 2012 with US firm Yorkville Advisors, which offered the company access to additional funds if needed within 36 months. Following the agreement, Funcom will now issue 2.2 million shares to raise the cash.

We are very pleased to have increased the company’s financial flexibility with funds that will be used in preparing for the launch of LEGO Minifigures Online,” said Funcom CEO Ole Schreiner.

For more head over to Develop.