Conan Exiles’ Funcom Partners to Establish New Company; Secures 10 Million Dollar Investment

Funcom and Cabinet Group LLC have collaborated to create Heroic Signatures, a new company in charge of the interactive rights to the works of Robert E. Howard and Swedish tabletop games.

on December 18, 2017 9:54 AM

Developer and publisher Funcom announced they have collaborated with Cabinet Group LLC to create Heroic Signatures, a company that will now house a number of intellectual properties pertaining to the works of Robert E. Howard and Swedish tabletop games.

The newly established organization will manage and control interactive rights to a total of 29 different IP’s which include Conan, Solomon Kane, and Mutant Chronicles. Cabinet Group LLC will control the overall rights to the properties with each company owning 50% of Heroic Signatures.

Additionally, Funcom will put more focus on co-developing and publishing with third-party developers. According to Funcom CEO Rui Casais, the company’s goal is to “see a multitude of games grow from these worlds and to see the properties strengthened across the board to the benefit of everyone who works with them.” These partnerships are intended to bring quality games to its designated platform.

In order to fund these partnerships as well as to help with internal production, Funcom secured a 10.6 million USD investment from SwedBank Robur Fonder AB. SwedBank¬†fund manager Robur Fonder comments on the developer’s new investing saying “we see this as a new giant leap in Funcom’s turnaround.” Furthermore, he states that with the addition of the company’s multiple sources of revenue and its shift into co-development and publishing, Funcom will see “increase of cash flow robustness” as well as “boost further growth.”

In other Funcom news, it was recently announced its open-world survival game Conan Exiles will officially be released both digitally and physically for Xbox One, PlayStation 4, and PC. A Day One Edition and Collector’s Edition will have some extra goodies for those excited for the upcoming title.

 /  Staff Writer
Michael Ruiz is a staff writer at DualShockers. He enjoys most video games, but would be happy playing Galaga for the rest of his life. When he isn't playing games, he is probably watching professional wrestling or podcasting on Drop In/ Drop Out.