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A new development studio founded by two industry veterans - David Li and Bao Lam - has raised $3.2 million in a round of seed funding.
The round was led by Amy Wu, partner at Lightspeed Ventures, with additional investment from Vermillion Ventures, Riot Games head of live support Logan Margulies, Pragma CEO Eden Chen, and Scopely VP of product Alex Paley.
Hidden Leaf was founded in late 2019 by Li and Lam - who previously held product management roles at Zynga and Super Evil Megacorp, and PUBG Corp, respectively.
The pair also held product management roles at Riot Games.
Hidden Leaf has also recruited World of Warcraft mod creator Steve Guinsoo Feak as head of design, whose work inspired the core gameplay of Dota 2 and League of Legends.
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LOS ANGELES, May 12, 2021 /PRNewswire/ Industry vets from Riot Games, PUBG and other studios have raised $3.2mm in seed funding to launch new studio
Hidden Leaf Games. The Hidden Leaf design team is led by legendary game designer Steve Guinsoo Feak, whose custom Warcraft III map DotA: All Stars birthed the MOBA genre and inspired smash hits League of Legends, DOTA 2, and more. Global venture capital firm, Lightspeed Venture Partners, which has backed companies including Snap, Affirm, Epic Games and more, is leading the round, with strategic investors Vermillion Ventures, Logan Margulies (early Riot Games leader), Eden Chen (CEO - Pragma) and Alex Paley (VP of Product - Scopely) joining the round.