Theorycraft Games raises $50 million in Series B funding

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Independent developer Theorycraft has announced an additional $50 million in Series B funding. This latest investment round was led by Makers Fund with participation from NEA and a16z. The company is in active development on its first title: codenamed Loki.

“Beyond the pedigree of the talent base, we have been continually impressed with the pace of development at Theorycraft and the quality of what they have delivered in less than two years,” said Jay Chi, founder of Makers Fund. “Joe and the team have created the perfect combination in modern game making: a culture of doing things first, without BS, in systems, combined with a deep design style and a voraciously community-focused approach.”

Theorycraft will use the Series B funding to accelerate development and talent acquisition for its first game, Loki. It’s a “competitive team-based adventure,” which makes a lot of sense if you look at its pedigree. The team hails from several big, multiplayer, and competitive titles like League of Legends, Valorant, and Destiny.

“What drew talent and investors alike to our cause is our belief that great games meet fundamental human needs, and a studio that is hell-bent on meeting those needs, regardless of market trends, technology novel or the endless sequels, it’s an exciting opportunity to make an impact. in the industry we love,” Joe Tung, CEO and co-founder of Theorycraft Games, said in a press release. “If you are a game developer who wants more autonomy and more impact; if you want to focus on making the deepest games in the world; If you’d like to hyper-serve an amazing community that has already helped us get this far, we’d love to hear from you!

One of the aforementioned acquired talents is former League of Legends Game Design Lead John Belliss. Prior to his time as design lead, Belliss led several League of Legends and Valorant teams.

John Belliss

“Riot was a really amazing ride,” said Jon Belliss. “After spending over a decade there, I felt it was time to try something new, especially now with the plethora of game startups that have formed. When evaluating my options, I chose Theorycraft because I realized that while there is no shortage of great ideas, there is a shortage of developers who know how to strike a balance between player focus and running a successful game-as-a-service. I believe in Theorycraft’s ability to do this exceptionally well. I’m really excited to be working with the talented team here and look forward to building a game that’s worth the players’ time and passion.”

Theorycraft is currently hiring and searching for talent. If you think they might be right for you, check out their site here.

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