Power Rangers: Legacy Wars developer nWay has closed an $11 million investment round to develop new games and maintain its existing titles.

The funding comes from venture capital firms March Capital Partners and Ridge Ventures. The investment round was brought together with the help of Lionsgate, but the entertainment company did not invest.

Developer nWay will use this money to work on new, unannounced titles. It will also continue to work on Power Rangers: Legacy Wars, which has proven to be a huge success for the studio.

Invaluable knowledge

"As Power Rangers: Legacy Wars celebrates more than 27 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 benefitting from the experience and guidance of the partners joining us today," said nWay CEO Taehoon Kim.

Power Rangers: Legacy Wars impressed our IAP Inspector back when it launched. He wrote that the game "shows that a successful and well-optimised free-to-play game doesn't have to feature a thousand different resources and interlocking mechanics."

NWay is also the developer behind fantasy brawler ChronoBlade. It signed a deal with Netmarble back in August 2016 to bring the game to North America.