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

Chris Kerr, News Editor

March 3, 2022

1 Min Read

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."

About the Author(s)

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

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