Google+

Thatgamecompany raises funds to go full indie

Jenova Chen, founder of thatgamecompany, is celebrating a new beginning today with news that the developer has acquired $5.5 million in funding to help it become a full-service independent studio.

“Today I am pleased to announce thatgamecompany has raised funding to develop and release our games independently,” wrote Chen on thatgamecompany's blog, explaining, “This enables us to bring our games to more platforms and provide our players the highest quality experience at every point of contact.”

The funding comes from Benchmark Capital, a venture capitol firm that has also provided cash flow to Meteor Entertainment, makers of the upcoming mech-combat game Hawken. Speaking to the lucrative partnership, Chen added: “Together we share a vision for bringing emotionally compelling interactive entertainment to players worldwide.”

thatgamecompany's last title, Journey, became the fastest-selling PlayStation Network game in the history of Sony's online service when it was released this March. It was also the last of three PSN-exclusive games that were developed for Sony by thatgamecompany under a now-expired deal. Thanks to Benchmark Capital's backing, Chen and his team plan to bring their games to a wider audience, beginning with an unnamed multi-platform title currently in development.

“I feel privileged to be riding shotgun with [Jenova]. The ambitions for Thatgamecompany are very exciting to me,” said Mitch Lasky with Benchmark, in comments obtained by VentureBeat. “It’s a great time for Jenova to be completely unfettered when it comes to innovation. He is ready to spread his wings now.”

We Recommend By ZergNet

8 comments

  • ELPollo - June 14, 2012 12:28 p.m.

    Excellent news! The future looks bright :)
  • boondocks50 - June 14, 2012 1:27 p.m.

    OUTSTANDING! They deserve all that 5.5 million and more. Cant wait to see what else they cook up.
  • ParagonT - June 14, 2012 1:38 p.m.

    Good shit!
  • prattnathan - June 14, 2012 1:41 p.m.

    I can't wait to see how they re-package the game "Snake" again! When it's all said and done all Flow and Flower are are a pretentious version of Snake. Eat/touch objects and grow. I just don't get the draw of this/thatgamecompany.
  • veryweirdguy - June 14, 2012 2:03 p.m.

    That's as true as Gears of War basically being a more updated version of Space Invaders.
  • Shinard - June 24, 2012 7:04 a.m.

    Flow is a fair call, but still fun. Flower is nothing like Snake.
  • avedon-arcade - June 14, 2012 4:56 p.m.

    Well deserved for this company.
  • Malintendog - June 15, 2012 4:52 p.m.

    Ohh, I'm glad to hear this. I loved Journey to death, and I have high hopes in seeing what they do next. It's a shame that some people in the company branched outwards after the success with Journey, but I'm sure they'll manage just fine. Speaking of journey. What if Nintendo rebooted the Ice Climbers franchise by totally stealing Journey's adventure style? Ascending an icy mountain with a lone ice climber that can meet others? It's just a thought I had.

Showing 1-8 of 8 comments

Join the Discussion
Add a comment (HTML tags are not allowed.)
Characters remaining: 5000

OR…

Connect with Facebook

Log in using Facebook to share comments, games, status update and other activity easily with your Facebook feed.