Theorycraft Games Raises $50M in Series B Funding

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Indie developer Theorycraft has announced an additional $50 million in Series B funding. This latest investment round was led by Makers Fund with participation from NEA and a16z. The company is actively developing its first title — codenamed Loki.

"Beyond the pedigree of the talent base, we've been continually impressed with Theorycraft's pace of development and the quality of what they've delivered in less than two years," said Jay Chi, Founder from Makers Fund. "Joe and his team have created the perfect concoction in modern game making: a systems-focused, no-BS, stuff-focused culture combined with a deep design style and a decidedly community-first approach."

Theorycraft will use Series B funding to accelerate development and talent acquisition for its debut game, Loki. It's a "competitive team adventure," which makes a lot of sense if you look at their pedigree. The team hails from several major competitive multiplayer titles such as League of Legends, Valorant and Destiny.

"What drew both talent and investors to our cause was our belief that great games meet basic human needs, and a studio committed to meeting those needs - above and beyond the trends. market, new technologies or endless sequels - is an exciting opportunity to make an impact on the industry we love,” said Joe Tung, CEO and co-founder of Theorycraft Games, in a press release. If you're a game developer who wants more autonomy and more impact; if you want to focus on making the world's deepest games; if you want to hyper-serve an incredible community that has already helped us go this far, we'd love to hear from you!"

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One of the aforementioned talents acquired is former head of game design for League of Legends, John Belliss. Before becoming Head of Design, Belliss led multiple teams for League of Legends and Valorant.

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