Funcom announced today that they completed a private placement and through this received additional funding of approximately 30 million USD for the development of Age of Conan: Hyborian Adventures.

“We’re expecting the launch of ‘Age of Conan’ to create significant waves in the MMO gamespace,” says Funcom CEO Trond Arne Aas. “With the secured additional funding Funcom is in an even better position to make the launch of the game a success. This commitment from the financial market is reflecting the great promise and expectations for ‘Age of Conan’.”

‘Age of Conan’ is progressing according to plan towards the announced launch date of 30th October 2007. The game has recently received strong early sales indications from partners and retail channels both in the U.S. and in Europe and press and gamer expectations for ‘Age of Conan’ continue to grow strongly. To ensure an optimal launch of ’Age of Conan’, Funcom and its key partners has through this round of funding strengthened Funcom’s marketing and operational capacity prior to launch.