Industry veterans of Blizzard, Bungie, Riot Games and Valve raised $ 37.5 million to launch a new studio called Theorycraft Games.
NetEase led the funding round in the budding studio and was added by NEA, Bitkraft Ventures, Griffin Gaming Partners and SISU Game Ventures.
Theorycraft, based in Seattle and Los Angeles, will use the cash to expand its development team with a “diverse and driven” talent, as it works to create a community-driven PvP title for multiple platforms.
The Theorycraft team boasts an impressive resume, having previously worked on high-profile franchises League of Legends, Halo, Destiny, Ear Watch, Brave, en Spanfort 2.
Joe Chung, who served as executive vice president at the League of Legends franchise at Riot, will lead the studio as CEO. They will work with former Brave, Ear Watch, en Halo chief technical officer Michael Evans, who was appointed chief technology officer; and former Bungie creative director Mike Tipul, who acts as creative director.
“Theorycraft Games aims to create deep games that give everyone the chance to join, to compete and to be infinitely delighted with stories that put players directly at the center,” reads a press release. “Theorycraft plans to meet players just where they are, no matter what platform they play on, where they live or how much money they can spend.”