News

Liverpool-based developer Milky Tea secures investment from Tencent

Date Type Companies involved Size
August 2nd, 2017 investment Milky Tea
Tencent
Not disclosed
Liverpool-based developer Milky Tea secures investment from Tencent

Liverpool-based multiplatform game developer Milky Tea Studios has secured investment for an undisclosed sum from Chinese behemoth Tencent.

The money will be used to grow its team, develop future games, and scale up development on its upcoming Nintendo Switch and PC title HyperBrawl Tournament.

Milky Tea's first game was the mobile rollerskating game Roller Rally which launched in December 2012. It has since moved onto developing for consoles, including Nintendo's hybrid Switch.

A turning point

"This partnership marks a turning-point in Milky Tea's history. The scale of it really hasn't hit home just yet, but we are all really proud to be part of the Tencent family and we couldn’t ask for better partners," said Milky Tea's Founder and Managing Director, Jonathan Holmes.

"Everyone at Tencent has gone above and beyond our expectations to make this happen and from a personal point of view, it's a dream come true."

Tencent has made a string of investments around the world in 2017, most recently partnering with Miniclip to publish War Wings in the West. Despite the large number of investments made, it does appear to have a slightly smart strategy than just "buy them all".


Deputy Editor

Ric has written for PocketGamer.biz for as long as he can remember, and is now Deputy Editor. He likes trains.

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