Telltale Closes Series A Funding Round Led by Hiro Capital With Co-invest From Skybound
Investment Backs Further Development of the Company’s Inaugural Games Including Upcoming The Expanse: A Telltale Series
LONDON & LOS ANGELES–(BUSINESS WIRE)–#Funding—Telltale, the leading narrative game development studio and publisher, announced today that the company has secured a Series A round of funding led by Hiro Capital and joined by Skybound Entertainment. This funding will help Telltale bring its first new games to market, such as the highly-anticipated The Expanse: A Telltale Series, slated for release this Summer, and The Wolf Among Us 2.
“We are honored 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,” said Jamie Ottilie, CEO at Telltale. “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 investment pairs Telltale, a pioneer in the episodic narrative adventure genre, with well-known game industry pioneer Sir Ian Livingstone (CBE). Knighted last year for his services to the online games industry, Livingstone is best known as the co-founder of the twenty million-selling Fighting Fantasy series of narrative role-playing books and for co-founding two billion-dollar game companies, Games Workshop and Eidos Interactive. Together with the Hiro Capital team, he has co-founded or backed more than $9 billion in leading games, sports, and technology companies.
“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. I’m delighted to be backing the new Telltale and their vision to build the next generation of narrative adventure games,” said Sir Ian Livingstone, co-Founding Partner of Hiro Capital.
Telltale and Skybound Entertainment first partnered on the extremely successful The Walking Dead series of episodic games based on Skybound’s popular comic books in 2012. The Walking Dead episodes released over the course of 6 years, with Skybound acting as publisher since 2018.
“Telltale and Skybound have a long and incredibly successful history together that forever changed the way stories are told in video games,” said David Alpert, CEO, Skybound Entertainment. “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.”
Relaunched in 2019, the new Telltale and its leadership are focused on building a company that respects the works and reputation of the former company while striving to be more efficient, flexible, and sustainable in the current industry environment and beyond. A strategic and integral part of that plan is partnering with the best teams, talent, and IPs to bring great stories to life through distributed development.
One example of that plan in action is the collaboration happening with The Expanse: A Telltale Series. The award-winning team at Deck Nine Games is leading the development, supported by the executive team at Telltale to create a new story in The Expanse universe created by James S.A. Corey, and told in a new way. This bringing together of key talent, rich IPs, creative leadership, and a shared dedication to storytelling is core to the company’s mission.
“Together with our outstanding partners at Deck Nine, we are eager to show our fans how we have honored the Telltale legacy and evolved the episodic narrative genre for which the company is best known,” continued Ottilie. ”These investments will help us realize that vision.”
About Hiro Capital
Hiro Capital is a London / Luxembourg Technology Venture Capital fund that invests globally in Games, IP, and Metaverse Technologies. Hiro Capital invests at Seed through Series A and B stages. We back experienced entrepreneurial teams, building innovative technologies and content with a strongly differentiated proposition and with the scaling opportunity to become very large. We are Games and Metaverse investors who are also Games and Metaverse entrepreneurs. We are entrepreneurs who back entrepreneurs. Our core belief is that Videogames, Metaverse Technologies, Creator Platforms and Gamified Fitness will be a central pillar of Entertainment, Economic, and Social Life in the mid-21st century. We invest in the innovators who are building that future. https://hiro.capital/
About Skybound Entertainment
Skybound is a company for creators. We’re known for using the Wheel of Awesome to make cool stuff, no matter the platform. We place creators and their projects at the center of the wheel and work with them to keep the integrity of their vision as it becomes a comic, game, TV series, film, audio series, or all of the above. The company is home to critically acclaimed global franchises including The Walking Dead, Invincible, and Impact Winter. Follow Skybound on Twitter (@Skybound) YouTube (Skybound), Facebook (@SkyboundEntertainment), Instagram (@skyboundent), and at www.skybound.com.
About Telltale Games
Telltale is an independent developer and publisher of both original and licensed IP games for every major interactive platform and is a pioneer of narrative games and episodic delivery. The Telltale brand, assets, and various IP are now owned by LCG Entertainment, operating and marketing games under the Telltale name. LCG Entertainment is a privately held company, headquartered in Malibu with offices in Corte Madera, California. For more information, please visit www.telltale.com. Follow Telltale on Twitter (@TelltaleGames), YouTube (@TelltaleGames), Facebook (@TelltaleGames), and Instagram (@telltalegames).
For Hiro Capital:
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