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Journey and Sky developer thatgamecompany nets $160 million

The studio will use the cash to create more titles that "deepen human connection through gameplay."

Journey and Sky: Children of Light developer thatgamecompany has secured a $160 million investment to create new interactive play experiences.

Venture capital firms TPG and Sequoia led the funding round, which comes as Pixar co-founder Ed Catmull joins the studio as principal advisor on creative culture and strategic growth.

Thatgamecompany will use the cash to expand its development team and organization infrastructure while pursuing projects that "deepen human connection through gameplay."

The studio will also continue to support Sky: Children of Light, which has amassed over 160 million downloads across iOS, Android, and the Nintendo Switch.

Studio co-founder and CEO Jenova Chen said thatgamecompany wants to create a title that "emotionally appeals to people of all ages, identities and backgrounds within a single experience."

"Animated feature films have had genre-defining moments with Snow White and Toy Story, and we will continue working toward this moment in the gaming world," said Chen.

"With the advisory support from legendary Ed Catmull, and the financial backing from TPG and Sequoia, we are going to double down on thatgamecompany’s pursuit and continue to push the boundaries between art, human connection and video games."

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