Curse, a US-based online gaming services company backed by Allianz, has raised $16m in a series B round featuring venture capital firm GGV Capital and Multiplier Capital.
GGV invested $10m in equity funding, while Multiplier provided the $6m debt component. Curse’s past investors include Idinvest Partners, the private equity firm backed by insurance company Allianz, which took part in the company’s $5m series A round in 2007.
Curse provides services including tutorials, statistics and online forums for more than 45 games including World of Warcraft and Minecraft. The company recently launched Curse Voice, a multiplayer voice communications platform where gamers can connect and interact securely with certain PC games.
The cash will be used to develop Curse Voice and other technology services, while additional funds could be used to expand the company into China, which is one of its key aims according to computer and video game news source MCV Pacific.
Founded in 2006, Curse has now raised a total of $22m in funding. GGV managing partner Hans Tung will join the company’s board as part of the deal.