Things are now looking up for the storied Telltale Games. The California-based game studio raised $8 million in its Series A round on February 16. Hiro Capital and Skybound Entertainment led the latest funding round, Telltale Games confirmed.
With fresh funds, executives at Telltale expressed optimism about releasing new games soon. These included several of its much-anticipated titles.
We are honored to have the confidence of Hiro Capital, a fund committed to the future of the games industry. And that of our colleagues at Skybound Entertainment,
said Jamie Ottilie, CEO of Telltale Games.
The studio will use significant portions of the new capital for game development. They are working on The Expanse: A Telltale Series and A Wolf Among Us.
As scheduled, Telltale will launch The Expanse: A Telltale Series this summer. They tapped Deck Nine Games to develop a new story for The Expanse universe.
The upcoming game will be a prequel to the popular sci-fi TV series. These investments will help us realize that vision,
said Ottilie.
Venture capitalists from Hiro Capital decided to support Telltale Games for its vision to build the next generation of narrative adventure games.
Based in Luxembourg, their investment record involved games and metaverse technologies. The video game industry legend, Sir Ian Livingstone, is one of its co-founders. Livingstone, in a statement, wrote that they saw potential in Telltale Games. The guiding tenets of great storytelling and fun gameplay have always been at the heart of everything I've built or invested in over the past 50 years,
he said.
Before bankrolling Telltale Games, Hiro Capital also backed Skybound Entertainment in 2022. Skybound Entertainment worked with Telltale for The Walking Dead's first video game adaptation in 2018.
Telltale, previously known as Telltale Incorporated, returned to the gaming industry in 2019. It underwent a 'majority studio closure' in the previous year. The "majority studio closure" in 2018 forced the company to lay off at least 250 employees. / ###