Spectrum Equity Investors is a venture capital firm that invested in Jagex Ltd. in February 2010 as part of a growth investment, along with The Raine Group and Insight Venture Partners. They held a 17.84% stake in Jagex until June 2016 when they sold all of their stake to investors from Shandong Hongda as part of a buyout of all parties invested in Jagex. Jim Quagliaroli and Chris Mitchell joined the board of directors as Constant Tedder, Andrew Gower and Paul Gower left. In a press release, Jagex CEO Mark Gerhard said the following: