The startup of the founder of OpenFeint received funding from Tencent
Hammer Studio & Chisel of Jason Citron, the creator of the OpenFeint mobile social gaming platform, has received funding from the Chinese corporation Tencent and the Benchmark Capital fund. The amount of the investment is not called.
The previous investment round brought the studio $8.2 million.
With the money received, the studio's management plans to conduct marketing research.
This is what Citron says about it: "Investments from Tencent are in order to study the market properly. It takes time for a company to find its place in the business. Even Supercell had mistakes, they were constantly evolving — until they created their own hit. Just like Blizzard. We have huge opportunities ahead of us. In a market where there are 850 million smartphone users, and where $20 billion has already been earned on shareware projects, there will definitely be 100 million users and $1 million in revenue for us."
The studio's first game called Fates Forever, despite the positive assessment from critics, failed to reach the top of the iOS charts.
Other materials on the topic:
- The founder of OpenFeint spoke about the MOBA game for iPad
- OpenFeint Founder develops MOBA for Tablets
Hammer & Chisel (originally The Phoenix Guild) is a gaming startup founded by Jason Citron in 2011 with money received from the sale of OpenFeint. From the very beginning, the team's desire was to "bring the light of hardcore to the post-PC era" and become the Blizzard of the mobile industry.
Tencent is one of the largest Internet companies in China. It was founded in 1998. Among its developments are the messengers QQ and WeChat, whose total MAU is more than 1 billion. Tencent accounts for 30% of China's mobile market.
