'Power Rangers Legacy Wars' Developer Gets Multi-Million Dollar Investment

It seems the future is quite bright for Power Rangers Legacy Wars developer nWay.

Lionsgate, the studio that produced the recent Power Rangers reboot, brought together March Capital Partners and Ridge Ventures to invest $11 million in Power Rangers Legacy Wars developer nWay (via THR).

As a result, Lionsgate president of interactive ventures and games Peter Levin will join nWay's board of directors, as will Ridge Ventures managing director Phil Sanderson and March Capital Partners' Gregory Milken.

"Making fun mobile games with seamless synchronous multiplayer is extraordinarily difficult, but with Power Rangers: Legacy Wars, nWay has emerged as a true industry leader," said Levin. "We've helped nWay to assemble a veteran team of investors to enable them to continue pushing the boundaries of this field while showcasing world-class entertainment IP."

The game is incredibly popular on mobile devices and continues to add Rangers, modes, and environments based on the franchise's long history. Since the game launched it has had over 26 million downloads and shows no sign of stopping anytime soon.

"As Power Rangers: Legacy Wars celebrates more than 26.5 million downloads across iOS and Android, we continue to gain invaluable knowledge on servicing and monetizing free-to-play synchronous multiplayer games, and are already benefiting from the experience and guidance of the partners joining us today," nWay CEO Taehoon Kim said. "Bringing together a strong engineering team, commitment to high quality graphics and design, and unique expertise to this type of mobile gaming, nWay embodies all the key strengths we look for in a portfolio company," said March Capital Partners' Gregory Milken. "As audiences look for more engaging competitive gaming experiences, we believe nWay is positioned to further define itself as one of the leading developers in this space."

This is just the latest in Lionsgate and Ridge Ventures' partnership. The two companies also work with Telltale Games (The Walking Dead, Batman, Guardians of the Galaxy) and Next Games (The Walking Dead). Both are also invested in the Immortals e-sports organization.

As for Legacy Wars, hopefully, this means even more great additions for the foreseeable future.

Power Rangers: Legacy Wars is currently available on iOS and Android.