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Press Releases
  Portalarium Announces Equity Crowdfunding Campaign as Commercial Launch of Shroud of the Avatar Nears
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06/02/2017
 


[This unedited press release is made available courtesy of Gamasutra and its partnership with notable game PR-related resource GamesPress.]

AUSTIN, Texas, June 2, 2017 –  Portalarium®, an Austin-based game developer, just announced an equity crowdfunding campaign to assist the company as it begins the process of taking on the additional role of game publisher. The company’s flagship product, Shroud of the Avatar™: Forsaken Virtues is nearing completion and will be available for commercial release in the coming months.

“We are forever grateful to our backers under our current funding campaign who have helped us reach levels of support that we never dreamed of having,” said Portalarium CEO Richard Garriott de Cayeux. “That support has helped us develop Shroud of the Avatar to where it is today. And with a commercial launch now in sight, it’s time to focus more on marketing and user acquisition as we scale up our player base and the service. It’s also a chance for our supporters to invest in our company as we take this next critical step with equity crowdfunding.”

Shroud of the Avatar combines a single-player narrative story with a sandbox massively multiplayer online (MMO) experience. The production team includes Executive Producer Starr Long, who along with Garriott helped produce the groundbreaking Ultima Online MMO and New York Times bestselling author Tracy Hickman, who wrote the popular Dragonlance fantasy novels.

Shroud of the Avatar’s crowdfunded campaign began in 2013. It remains in early access but it continues to generate monthly content updates to its backers. The game has now reached 41 straight months of continuous play without a single server software crash. Currently with more than $11.6 million in crowd funding, Shroud is the second highest fully crowdfunded game ever.

To learn more about the Portalarium equity crowdfunding campaign (also known as regulation crowdfunding), please visit the SeedInvest website.

About Portalarium

Portalarium headquarters is in Austin, Texas. The company was co-founded by legendary game developer Richard Garriott, who created Ultima, one of the longest running and most successful fantasy role playing game series ever. The company is currently developing its next game, the crowdfunded Shroud of the Avatar. In addition to backers with financial support, the SotA community may also participate with art, sound, music and even design contributions in the main game. This is a game created for the community and with the community.

Disclaimer: Portalarium is offering securities under Regulation CF and Rule 506© of Regulation D through SI Securities, LLC ("SI Securities"). The Company has filed a Form C with the Securities and Exchange Commission in connection with its offering, a copy of which may be obtained here www.seedinvest.com/portalarium/series.b .

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Portalarium and Shroud of the Avatar are trademarks of Portalarium, Inc. All other trademarks are the property of their respective owners.

CONTACT:

David Swofford

[email protected]

+1 512 750-9098