Developer of episodic Sam & Max adventure closes funding round
Californian games studio Telltale Games has managed to secure $6m in funding from two US investors.
The money will be used to help Telltale drive the growth of its new and existing episodic games series, which includes the new version of Sam & Max, with a remit to staff up its operation and start making games for mutliple platforms. So far, Telltale's offerings have all been PC-based.
The studio recently finished the first season of Sam & Max, a six-episode game series that had monthly releases from the end of 2006 to May. It is seen by most as the first proper and successful episodic game.
"Digital distribution is changing entertainment, and Telltale is helping define the new landscape," said Telltale's CEO and co-founder Dan Connors. "This funding will allow us to stay on the cutting edge of innovation by building out our team and our tools, and by taking on new licenses for the episodic treatment."
The cash injection comes from Granite Ventures and IDG Ventures SF, two San Francisco-based venture.
"We look for experienced teams that are pioneering new technologies and business models in huge markets," says Chris Hollenbeck, managing director at Granite Ventures, who following the investment has joined Telltale's Board of Directors.
"Telltale has it all - a great group of people who are changing an industry while doing what they love. We look forward to helping them build the next major player in the gaming industry."
"Telltale has one of the best teams we have seen in the gaming market and we are excited to be associated with them," added Philip Sanderson of IDG Ventures SF. "Entertainment software has undergone a radical change over the past few years in terms of development, content and distribution, and Telltale is on its cutting edge."
Telltale's CTO and co-founder Kevin Bruner added: "We managed to bring together a fantastic set of investors who share our vision of transforming the way people experience games. We're extremely pleased."