Theorycraft Games has raised $50 million in Series B funding

Theorycraft Games has raised $50 million in Series B funding ...

Theorycraft, an independent game development company, has announced an additional $50 million in Series B funding. This latest round was led by Makers Fund, with participation from NEA and a16z. The company is currently working on their first game — codename Loki.

"We've been continually impressed by Theorycraft's speed of development and the quality of what they have delivered in under two years," said Jay Chi, founder of Makers Fund. "Joe and his team have crafted the ideal concoction in modern game making — a systems-first, no-BS, get-things-done culture combined with powerful design flair and a fiercely community-focused approach."

Theorycraft will use the funding from Series B to expand their first game, Loki, which is a "competitive, team-based adventure," which makes a lot of sense when you look at their pedigree. Games like League of Legends, Valorant, and Destiny are all part of the group's core.

“We believe that great games fulfill basic human needs, and a studio that is willing to sacrifice endless sequels offers an exciting opportunity to have an impact on the industry we love,” said Joe Tung, CEO and co-founder of Theorycraft Games.

John Belliss, a former League of Legends game design director, was a key figure in the acquisition of several talents.

“Riot was a remarkable journey,” said Jon Belliss. “I decided it was time to try something new, especially now that there are countless new gaming companies emerging. There is a shortage of developers who are skilled at achieving this perfect balance.”

Theorycraft is currently hiring and looking for employees. Check out their site over here.

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