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Video game creator Realtime Worlds closes on $50 million

The Grand Theft Auto creator brings in millions to develop an urban game called All Points Bulletin, among other titles.

Realtime Worlds, creator of the video game Grand Theft Auto, has raised $50 million in a series B round of funding led by Maverick Capital. Other investors included New Enterprise Associates and WPP, a marketing services company.

The Dundee, Scotland-based company, which was founded in 2002, said that plans to use the money to develop new games, including its latest development work All Points Bulletin, a multiplayer online game. "Realtime Worlds is poised to deliver new original experiences to gamers around the globe and to push the boundaries of online gaming," CEO David Jones said in a statement.

Two years ago, the company raised $31 million from New Enterprise Associates.