Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
April 21, 2021
arrowPress Releases







If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Valve, Blizzard, Bungie, and Riot vets raise $37.5 million to launch new studio

Valve, Blizzard, Bungie, and Riot vets raise $37.5 million to launch new studio

March 4, 2021 | By Chris Kerr




Industry veterans from Blizzard, Bungie, Riot Games, and Valve have raised $37.5 million to launch a new studio called Theorycraft Games.

NetEase led the funding round into the nascent studio, and was joined by NEA, Bitkraft Ventures, Griffin Gaming Partners, and SISU Game Ventures. 

Based out of Seattle and Los Angeles, Theorycraft will use the cash to expand its development team with "diverse and driven" talent as it works to create a community-driven PvP title for multiple platforms. 

The Theorycraft team boasts an impressive CV, having previously worked on high-profile franchises including League of Legends, Halo, Destiny, Overwatch, Valorant, and Team Fortress 2

Joe Chung, who served as executive vice president on the League of Legends franchise at Riot, will lead the studio as CEO. They'll be joined by former Valorant, Overwatch, and Halo tech lead Michael Evans, who's been named chief technology officer; and former Bungie creative director Mike Tipul, who'll be stepping up as chief creative officer. 

"Theorycraft Games is on a mission to create deep games that give everyone the chance to connect, to compete, and to be infinitely delighted by stories that place players directly in the center," reads a press release. "Theorycraft plans to meet players right where they are, regardless of what platform they play on, where they live, or how much money they can spend."



Related Jobs

Talofa Games
Talofa Games — Cupertino, California, United States
[04.21.21]

Game Server Engineer
Disbelief
Disbelief — Chicago, Illinois, United States
[04.21.21]

Senior Programmer
Immutable
Immutable — Sydney, New South Wales, Australia
[04.21.21]

Game Producer
505 Games
505 Games — Calabasas, California, United States
[04.21.21]

Senior Product Marketing Manager: Free-to-Play









Loading Comments

loader image