Deal

Core tablet game developer Industrial Toys raises $5 million

Date Type Companies involved Size
April 1st, 2014 investment Accel Partners
Industrial Toys
$5m
Core tablet game developer Industrial Toys raises $5 million

US tablet-focused developer Industrial Toys has raised $5 million in its first funding round.

Accel Partners, which was an early investor in Rovio and Supercell and also currently has a stake in German developer Flaregames, was the lead investor.

Formed by Alex Seropian, a co-founder of Halo developer Bungie, Industrial Toys is currently preparing for the beta testing stage of its core tablet sci-fi shooter Midnight Star.

And there's more

Pointing to the opportunity arising for core games on tablets, Accel Partners' Vas Natarajan commented, "The opportunity to 'activate' core gamers is even bigger [than casual or mid-core], the content just hasn't been there.

"Alex and team are developing for the gamers who've largely been underserved in this push to mobile."

You can find out more about Midnight Star via its website.


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A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.

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