Turbine powers up with $50M

MMO game publisher Turbine Inc. has raised $50 million in new VC funding, according to a regulatory filing.

The investment comes just one month before Turbine is set to launche its first-ever hybrid product, a Dungeons & Dragons Online spinoff that will be free to play with various premium sections.

Turbine did not list any new investors for the Series D round, of which just over $6.5 million has been called down. Return backers include Columbia Capital, Highland Capital Partners, Granite Global Ventures, Polaris Venture Partners and Tudor Ventures.

The Westwood, Mass.-based company had previously raised about $95 million, including a $40 million Series C round last April. No valuations have been disclosed.

Turbine is believed to be the MMO market’s number two player, behind World of Warcraft publisher Activision Blizzard, a unit of Vivendi. Its big hits are Dungeons & Dragons Online and Lord of the Rings Online, and there also is talk that Turbine will soon complement its online games with console and mobile offerings. In short, it wants to become an “entertainment-as-a-service” company. —Dan Primack