Telltale raises $8m from Hiro Capital and Skybound

gamesindustry.biz:

Telltale has raised $8 million as part of a Series A funding round led by Hiro Capital.

Skybound Entertainment also joined the round, with the funds raised primarily going towards the launch of The Expanse: A Telltale Series (due this summer), the development of The Wolf Among Us 2, and another unannounced title.

CEO of Telltale Jamie Ottilie commented: "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. It’s both a pleasure and a natural fit to be affiliated with companies that share our commitment to narrative games and transmedia entertainment."

Telltale has partnered with Skybound in the past for its Walking Dead series of titles, which returned to storefronts in 2020 after being delisted following Telltale's closure in 2018.

Skybound CEO David Alpert said: "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 ten 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."

Telltale was relaunched in 2019 by LCG Entertainment, after collapsing seemingly overnight in September 2018.

Ottilie talked to IGN at the end of 2019, committing to a "stable, non-crunch work environment."