Disruptor Beam today revealed that it had raised $8.5 million in Series B financing. The company has stated that the new funds will be used for growth, both for itself and its three games (Star Trek Timelines, Game of Thrones Ascent and the upcoming The Walking Dead: March to War). The company business model is based around licensing popular franchises and producing video game adaptations on social and mobile platforms.
Disruptor Beam claims its games have been played by 15 million people around the globe. The company released its first game, Game of Thrones Ascent in 2013 and launched its second game, Star Trek Timelines, in January 2016. Disruptor Beam recently secured the license to develop a new mobile game based on Robert Kirkman’s acclaimed comic book series, The Walking Dead, and The Walking Dead: March to War is supposed to launch later this year.
Disruptor Beam is backed by GrandBanks Capital, Romulus Capital, Google Ventures and Converge Venture Partners. This latest round was led by GrandBanks Capital and Romulus Capital, with additional participation from other investors, both new and existing. The company’s Series A round closed in late 2014. The company claims that in 2016, they doubled their headcount and raised their revenue by over 300 percent.
“Disruptor Beam’s success over the past year is linked to the launch of Star Trek Timelines, but it is also a direct result of our continued dedication to Disruptor Beam’s unique culture,” said Jon Radoff, CEO and Founder of Disruptor Beam. “From delivering true-to-the-IP game content, to striving for genuine communication with our customers, to how our employees work together, authenticity matters. Our culture has allowed us to effectively grow these entertainment brands for fans and our media partners alike. This latest investment will help fuel the continued growth and development of our platform and our teams, so that we can in turn continue to bring fans deeper into the worlds that they love.”