Singapore games developer gets US$3.3 million funding

Time Voyager, a Singapore-based games development company, has secured a US$3.3 million investment co-led by East Gate Partners and Gobi Partners.

The games company is in the midst of developing their first flagship game, a 3D MMORPG that is currently in closed beta and slated for commercial launch by Q2, 2012 in China. The game has been in the works for 3 years and will be published by Kingsoft, a top ten online game publisher in China that is listed in the Hong Kong stock market.

They will also be heading to China this year as part of a delegation of game companies headed by the Media Development Authority of Singapore (MDA). The delegation will explore the development of new titles for the Chinese market in collaboration with Chinese companies (see story).

Time Voyager has previously received Series A funding from SPRING SEEDS Capital and other angel investors. The company also receives support from the MDA Interactive Digital Media R&D Programme Office.

In 2009, Gobi Partners participated in a US$9 million investment in Xinya Media (see story), a Singapore-based media company that does channel management, content acquisition and distribution, and other media businesses like TV production, events staging and talent development.

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