Thatgamecompany receives $7 million From Capital Today.
Seems that Asian investment firms are taking an interested in some indie game companies this week, with the recent funding for the creators behind such as games as Flower and Journey, both of which were released on the PlayStation 3. Thatgamecompany, has had recent plans of self publishing their very first title and has manage to succesfuly gain a $7 million investment.
According to an official announcement on its main site, the company had manage to secure a $7 million round of financial funding from the Chinese venture firm known as Capital Today, which has previously deal with companies such as diamond retailer zbird and herbal skincare producers Sinoway.
This recent round of funding shall be used by Thatgamecompany’s new phase of development for its currently unknown project.
Thatgamecomapny Studio Manager Sunni Pavloic stated that they’re excited over teaming up with Capital Today and other investors who share the similar dream of creating ” meaningful interactive experience”.
“With this new investment, our studio is able to scale up development efforts to focus on making the best game possible in the same spirit as flOw, Flower, and Journey. We’ll also begin laying the infrastructure to self-publish, market, and distribute on our own terms for this next project and beyond,” added Pavlovic.
“As a one-of-a-kind entertainment studio, I am thrilled to invest in thatgamecompany’s vision to make inspirational interactive products widely accessible to everyone worldwide” said Kathy Xu, founder and managing partner of Capital Today Group. “Consumer tastes and expectations in games are evolving, and so it’s exciting to invest in a world-‐class team that’s at the vanguard of growing the industry and making socially impactful experiences available at a mainstream level.”
Thatgamecompany’s last game title, Journey, garnered critical acclaim worldwide for its amazing experience and aesthetics. During 2012, after having published their game with Sony Computer Entertainment, the company had split up and raised over $5.5. million in funding from Benchmark Capital so that it could regroup itself. With this venture funding, the indie studio will have some financial security for the time being.