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Independent developer Theorycraft has announced an additional $ 50 million in Series B funding. This latest round of investment was led by the Makers Fund with the participation of NEA and a16z. The company is actively developing on their first title: codenamed Loki.
“In addition to the pedigree of the talent base, we have been continually impressed by Theorycraft’s pace of development and the quality of what they have produced in less than two years,” said Jay Chi, founder of Makers Fund. “Joe and the team have created the perfect blend in creating modern games: a systems-centric, no-BS culture for doing things combined with a deep design style and a voraciously community-centric approach.”
Theorycraft will use Series B funds to increase development and talent acquisition for their first game, Loki. It’s a “competitive, team-based adventure” that makes a lot of sense when you look at their pedigree. The team hails from several large multiplayer competitive titles such as League of Legends, Valorant, and Destiny.
“What has attracted both talents and investors to our cause is our belief that big games meet basic human needs and a study determined to meet those needs – above market trends, new technology or infinities. sequel – it’s an exciting opportunity to make an impact on the industry we love, “said Joe Tung, CEO and co-founder of Theorycraft Games, in a press release. “If you are a game developer who wants more autonomy and greater impact; if you want to focus on creating the deepest games in the world; if you want to hyper-serve an incredible community that has already helped us get this far, we’d love to hear from you! “
One of the aforementioned acquired talent is former game design manager for League of Legends, John Belliss. Before becoming head of design, Belliss led several teams for League of Legends and Valorant.
“Riot has been a truly amazing journey,” said Jon Belliss. “After spending more than a decade there, it seemed like the time had come to try something new, especially now with the myriad of new gaming startups that have formed. When evaluating my options, I chose Theorycraft because I realized that while there is no shortage of great ideas out there, there is a dearth of developers who know how to strike a balance between player attention and running a game. as a successful service. I believe in Theorycraft’s ability to do it exceptionally well. I am really excited to work with the talented team here and look forward to building a game that is worthy of the players’ time and passion. “
Theorycraft is currently hiring and looking for talent. If you think they might be right for you, check out their site here.
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