Seattle-based publisher tinyBuild has invested $3 million in Secret Neighbor developer Hologryph.
As per the agreement, tinyBuild will acquire a majority stake in the studio. Furthermore, the new funds will go towards an unnamed project for next-generation consoles.
"This investment strengthens our line-up for next-gen consoles, led by Hello Neighbor 2 and expands upon the laid back culture we're facilitating within tinyBuild and the in-house studios. I mean, we had our first board meeting within Minecraft," said tinyBuild CEO Alex Nichiporchik.
"Hologryph will work on a new cross-platform IP that is created with the possibilities of next-gen hardware in mind".
Hide and seek
Meanwhile, the Hello Neighbor franchise has surpassed 60 million downloads across all platforms – PC, Xbox One, PS4, Google Stadia, Android, iOS and Nintendo Switch. The series hit the 30 million installs mark in April 2020.
"Together with Hologryph we have learned how to expand franchises effectively," said Nichiporchik.
"Hologryph's team worked closely with us on Party Hard 2 as a co-developer and created Hello Neighbor's multiplayer spin-off, Secret Neighbor. Now we're working together on building a brand new, exciting and unique world where players will lose themselves for thousands of hours -- with a focus on next-generation consoles."