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Theorycraft Games Raises $50M in Funding

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Theorycraft Games secures $37 5m in Series A funding

A team of industry veterans has garnered $37.5 million in a round of Series A funding to launch its new studio, Theorycraft Games. Founded by developers from studios like Blizzard, Bungie, Riot, and Valve, Theorycraft Games will be using the influx of funds to recruit talent and develop its first project, a community-driven PvP game available on multiple platforms. Theorycraft s CEO is Joe Tung, a previous executive vice president of the League of Legends franchise at Riot Games, while former Valorant and Overwatch tech lead Michael Evans will serve as chief technical officer and former Bungie creative director Mike Tipul will be chief creative officer. Valorant art director Moby Francke will take the art director role, and Riot veteran Areeb Pirani will be chief operating officer.

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Theorycraft Games secures $37 5 million in funding to enter the PvP arena

PUBG, etc.” Beyond simply offering fun player-versus-player experiences, Tung noted that there are several other connective threads that link his favorite games. For one, there’s a strong mastery component, which rewards players who take the time to learn a game inside and out. The League of Legends team at Riot Games calls this quality the “neverending path to mastery,” Tung said, a label reserved for games that encourage long-term engagement through competition. Even the name “Theorycraft” exemplifies the team’s intentions of building deep PvP experiences. It’s a term that references the practice analyzing game mechanics from an objective perspective in order to develop optimal strategies. Tung said theorycrafting is reserved for games that garner endless speculation and debate, and that have built an enthusiastic community of dedicated players. This is something that the team at Theorycraft has set its sights on.

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Gamasutra - Valve, Blizzard, Bungie, and Riot vets raise $37 5 million to launch new studio

Gamasutra - Valve, Blizzard, Bungie, and Riot vets raise $37 5 million to launch new studio
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