Telltale secures $7m in funding
Tuesday, 7th June 2011 at 3:35 pm
Back to the Future studio to expand company after private investor funding round
US developer Telltale Games has secured $7m (£4) in a round of private investor funding.
The US studio is best known for developing episodic titles based on existing franchises like the recent Back to the Future series and upcoming Jurassic Park games.
The company closed the new investment with IDG Ventures and Granite Ventures, amongst other investors.
Telltale has said that the funding will be used for expanding the company infrastructure and towards upcoming product launches.
"In the last 12 months, Telltale Games has successfully expanded its product line with the inclusion of several high-profile licensed IPs and we have achieved the company goal of supporting every viable digital gaming platform by incorporating iOS devices and social games,” said Telltale CEO Dan Connors.
"We now find ourselves extremely well positioned with the Jurassic Park and The Walking Dead franchises to reach a very large audience.
"This financing will allow us to aggressively launch these franchises worldwide on multiple platforms simultaneously."
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