Cloud Imperium raises further $46 million for Star Citizen

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Star Citizen developer Cloud Imperium has announced that it has secured a further $46 million private investment to support the space-simulation game.

The epic game, which has already raised a record $200 million in funding – originally kicked off by a 2012 Kickstarter campaign which raised $2.1 million – will now benefit from having a huge marketing war-chest earmarked for the long-awaited single-player campaign entitled Squadron 42.

Announcing the investment on its corporate blog, Cloud Imperium said: “The investment is led by Clive Calder’s family office and Keith Calder’s Snoot Entertainment. The investment was made equally into the US and the UK parent of Cloud Imperium at a combined valuation of $450 million, resulting in a post-money valuation of $496 million.” Cloud Imperium CEO Chris Roberts added: “This investment helps secure our investment but beyond that, this investment gives Cloud Imperium the ability to take the long view when needed and allows us to grow as a company. I couldn’t be happier.”

Squadron 42 was originally touted for a 2014 release, before being delayed until 2017, then beyond. Current estimates suggest it is likely to enter a beta programme in 2020. For Squadron 42 news, keep an eye on its webpage.