On September 22nd, Theorycraft Games announced the company raised an additional $50 million in a Series B funding round. In a press release, the organization said that these funds will be used to build out Theorycraft’s talent team, ensuring they can continue “making deep, 10,000-hour games.”
The Makers Fund led this financing round. Additional participation came from NEA and a16z.
“Beyond the pedigree of the talent base, we’ve been continuously impressed by Theorycraft’s pace of development and the quality of what they have delivered in under two years,” said Jay Chi, the founder of Makers Fund. “Joe and team have created the perfect concoction in modern game making — a systems-first, no-BS, get-things-done culture combined with profound design flair and a voraciously community-focused approach.”
Theorycraft Games is currently developing its first game, Loki. This competitive, team-based adventure game features an extensive cast of heroes and draws inspiration from other hit esports titles like League of Legends, VALORANT, and Overwatch.
Founded in December 2020, Theorycraft Games is an independent studio with roots in California and Washington. Some of the founders of Theorycraft have worked at major video game companies like Riot Games, Bungie, Blizzard, and Valve.