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Unity Technologies Secures $12 Million In Funding

Unity Technologies Secures $12 Million In Funding

July 20, 2011 | By Tom Curtis

Engine developer Unity Technologies announced that it has secured $12 million in a series B financing round, which the company will use to accelerate its plans to expand into Asian markets.

The funding comes from the China-based WestSummit Capital and the Singapore-based iGlobe Partners, in addition to Unity's current investor, Sequoia Capital.

"For our next expansion phase, we decided to work with WestSummit Capital and iGlobe Partners because of their incredible understanding of and networks in Asia -- our most strategic growth area -- and their understanding of the region's market dynamics," said David Helgason, co-founder and CEO of Unity.

Raymond Yang, founding partner of WestSummit Capital and new inductee into Unity's board, added, "We see China as the largest growing market for Unity Technologies, and we are strategically well positioned to help the company further penetrate the market and realize the full potential of doing business in China."

Last month, Unity expanded its business in the UK by moving to a larger studio located in Brighton, East Sussex, where the company will offer QA, development and training and consulting services.

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