ALL THE LATEST NEWS ABOUT THE BUSINESS OF PC GAMES

News

Journey dev Thatgamecompany attracts $160m investment

Date Type Companies involved Size
March 4th, 2022 investment thatgamecompany $160m
Journey dev Thatgamecompany attracts $160m investment

Developer Thatgamecompany has brought in $160 million in investment.

This money has come from investment group TPG and VC firm Sequoia. The cash is going to be going towards game development and expanding its staff, as well as growing the player base of mobile game Sky: Children of Light. The studio is best-known for titles such as Journey, Flow and Flower. 

In addition to the investment, Thatgamecompany has brought on board Pixar co-founder Ed Catmull as an advisor for the studio's creative culture and strategic growth.

“Our mission is to elevate games as a legitimate form of art,” said Thatgamecompany CEO and co-founder Jenova Chen.

“We want to see a game that emotionally appeals to people of all ages, identities and backgrounds within a single experience. Animated feature films have had genre-defining moments with Snow White and Toy Story, and we will continue working toward this moment in the gaming world. With the advisory support from legendary Ed Catmull, and the financial backing from TPG and Sequoia, we are going to double down on thatgamecompany’s pursuit and continue to push the boundaries between art, human connection and video games.”

Catmull added: “Thatgamecompany is a driving force for the advancement of games’ deeper emotional impact. I’m honored that Jenova and the studio have asked me to share my learnings on building an enduring creative culture befitting its ambition to provide enriching and accessible interactive experiences for a worldwide audience.”


PCGamesInsider Contributing Editor

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site PCGamesInsider.biz. In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

Comments

No comments
View options
  • Order by latest to oldest
  • Order by oldest to latest
  • Show all replies