eRepublik Labs announced that it has raised €2 million in a series A round from AGF Private Equity, after a seed round of €200,000 in 2007 and an angel round of €550,000 in 2008. The money will be spent in the next 12 to 18 months to develop more features in the game and new products based on the eRepublik platform.
eRepublik is a strategy Massively Multiplayer Online Game (MMOG) with a social component. Alexis Bonte, co-founder and CEO of eRepublik, described it as a “mix between Civilization and Facebook”. It is set in a mirror version of the real world in which players can participate in all kinds of activities, from the mundane day to day tasks (buying food, working, traveling) to national politics, setting economic policy and war waging between countries.
eRepublik is special in that it has been created openly and interactively from a very early stage. The founders began with a live prototype that they improved based on user input. This, combined with its heavy emphasis on user generated content, has allowed eRepublik to quickly and cost effectively grow into a rich gaming experience.
While I am not an investor in eRepublik I am a friend of Alexis Bonte and it is great to see your friends doing very well in tough markets. Alexis was a the Menorca TechTalk.
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