The games developer has doubled its overall funding after raising $49m in a round backed by Sega, Gree and B Dash among others.

Japan-based game developer Gumi raised ¥5bn ($49m) on Friday in a late stage round from investors including a raft of corporates, according to Nikkei

Game developer Sega, financial services firms Mitsubishi UFJ and Shinsei Bank, social network Gree and B Dash Ventures, the fund representing a syndicate of Japan-based internet companies, participated in the round alongside venture capital firm World Innovation Lab, which led the round, investment firm Jafco and Japanese state-backed DBJ Capital.

Founded in 2001 as online content…