Telltale lands $8m investment from Hiro and Skybound
Developer and publisher Telltale has scored an $8 million Series A investment.
This funding has been led by Hiro Capital, with Skybound Entertainment also chipping in some cash. Telltale is going to be spending this money on the upcoming adaptation of The Expanse, making The Wolf Among Us 2 and work on another unannounced project.
“We are honoured to have the confidence of Hiro Capital, a fund that is committed to the future of the games industry, and that of our colleagues at Skybound Entertainment,” Telltale CEO Jamie Ottilie (pictured) said.
“It’s both a pleasure and a natural fit to be affiliated with companies that share our commitment to narrative games and transmedia entertainment.”
This comes in the wake of Telltale collapsing in September 2018 before being relaunched in 2019.
“The guiding tenets of great storytelling and fun gameplay have always been at the heart of everything I’ve built or invested in over the past fifty years,” Hiro co-founding partner Sir Ian Livingstone said.
“I’m delighted to be backing the new Telltale and their vision to build the next generation of narrative adventure games.”
Skybound CEO David Alpert added: “Telltale and Skybound have a long and incredibly successful history together that forever changed the way stories are told in video games. It has been just over 10 years, hundreds of millions of dollars, and over 100 Game of the Year awards since Telltale released the acclaimed first title in The Walking Dead series. We continue to believe in the power of narrative gaming and this investment will allow us to support Telltale in telling even more amazing stories.”