TinyCo received $20 million

The next round of financing brought TinyCo $20 million. The Pinnacle Ventures venture fund, which had previously invested a substantial amount in Kabam, invested the most.

The funds received will be used to develop new titles, whose release is scheduled for 2014.

TinyCo even has its own butler – SummonersTinyCo CEO Suli Ali expressed hope that the financial support provided would allow the studio to start creating more comprehensive and high-quality mobile free-to-play games.

The deal took place less than a month after the dismissal of 27 employees of the company. As TinyCo representatives explained, staff reduction is part of a big strategy. At the same time, the company hired the former creative director of Mobile Pie, Will Luton.

Tiny Castle”The only way to move forward is to create completely new games.

That is why we decided to devote time to improving internal processes,” Suli said.

It also became known that Mike O’Brien, president and co-founder of ArenaNet and executive producer of Guild Wars, will join the board of directors of TinyCo. O’Brien believes that the accumulated experience and a world-class development team will help the company to reach a new level soon.

Source: www.pocketgamer.biz