![]() “We were impressed by the vision and passion that Chris and the formidable global team he has assembled have put into building Star Citizen, and we think that the direct and transparent relationship they have built with their players is a strong foundation for a next-generation gaming company.”Ģ018 has been a year of extensive progress for CIG Star Citizen (and Squadron 42, by extension) hit the $200m mark for crowdfunding, and the developer’s total staff grew to over 500 across the world. I couldn’t be happier.”Ĭlive and Keith Calder also made a remark with a joint statement: This investment helps secure our independence, but beyond that, this investment gives Cloud Imperium the ability to take the long view when needed and allows us to grow as a company. “We wouldn’t have taken anyone on board if we didn’t feel that they were fully aligned with our vision, philosophy and could add valuable insight in navigating the business challenges ahead. As per Roberts, that’s what the newly-raised investor money will be used towards.Īssuring backers of this investment, Roberts said in his statement: If that roadmap holds true to its timeline, CIG is looking at an imminent demand of spendable funds on marketing and advertisement for Squadron 42. It is the time between that and the launch during which a majority of the money is spent generating hype for the release of said titles, in anticipation for a launch. However, that promise meant that that money couldn’t be spent on other things, such as marketing and advertising for Squadron 42’s upcoming release, as per Roberts.Ī normal timeline for big-budget titles from established AAA publishers and studios is to showcase a demo at a major event – such as E3 – a year or two before the release. That can – and inevitably will –, be verified and interpreted by individuals and publications via the financial data released with this announcement. Chris Roberts will continue to be the majority shareholder, as well as the Chairman of the board.ĬIG’s crowdfunding campaign has – and continues to – come with a promise attached to it: all of the money raised will go towards development. As per Roberts, he’s a long-time friend and has been around in the role of an advisor for the past few years. In addition to Offner, Eli Klein is also joining the board. ![]() Dan Offner will be representing the two investors as a new member of the board. Additionally, Roberts also announced a new third-party investment of $46 million.Ĭlive and Keith Calder are the two new investors, gaining 113,861 newly-issued shares, each, in CIG’s UK and US legal entities, which amounts to approximately 10% of the overall company. In order to make things more transparent, CIG has also released its complete historical financial data from 2012 through 2017, giving backers a look at where their money has been spent so far. Just over $211 million have been raised via crowdfunding for the project. ![]()
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