Star Citizen Developer Gets $17.25 Million from Three Big Investors

Star Citizen Developer Gets $17.25 Million from Three Big Investors

With the new $17.25 million investment, Cloud Imperium Games has raised nearly $340 million since 2012 for developing Star Citizen.

Star Citizen developer Cloud Imperium Games announced they raised an additional $17.25 million from existing investors.

In a press release by Cloud Imperium Games, in an attempt to buy more shares of the studio with a nice discount, three companies including ITG Investors, Snoot Entertainment, and Calder Family Office invested $17.25 million while they all had invested $48 million in 2018. Currently, the overall budget of Star Citizen is almost reaching $340 million. It’s worth noting that over $275 million of that has provided by public crowdfunding.

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From the day it was announced, we have been hearing more about Star Citizen’s budget than getting new updates on its development process. It’s been almost 8 years since we first found out about the scope of Chris Roberts and his team’s project. Star Citizen is still an on-going project without any specific release window, however, the game manages to still keep raising its funding.

Star Citizen is a PC-exclusive open-world game set in a huge world consisting of many planets. The game is currently playable for backers as a Beta version, getting seasonal updates by the developer which adds new gameplay mechanics, new missions, new locations, and some new spaceships.

Playable in both first-person and third-person views, Star Citizen features a story-driven campaign called Squadron 42, featuring the voices of several Hollywood stars including Gary Oldman and Mark Hamill. If it doesn’t get delayed, the very first beta of Squadron 42 will be playable in Q2 2020. However, it won’t be free. Even if you have already purchased the $45 pack for Star Citizen, you will have to buy another support pack of the same price to jump in Squadron 42.

Last but not least, on October 10th this year, Cloud Imperium Games will be holding its yearly CitizenCon event to announce the new features of the game, and update the development roadmap.