Codemasters Founders Bought Out by Balderton Capital

Codemasters, the European publisher of the Lord of the Rings Online: Shadows of Angmar, today announced that its founders the brothers David and Richard Darling and their father Jim Darling were bought out by venture capital firm Balderton Capital. The firm previously held 70% of Codemasters after buying stakes in 2005 and 2006.

Ynon Kreiz, general partner of Balderton Capital and board member of Codemasters, said:
“Codemasters is now fully funded and ready for its next stage of growth, with a great pipeline of new products and a world-class management in place. We are grateful for the contribution made by Jim, David and Richard and the key role they played to position the company for the future.”