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Tencent leads investment in Hammer & Chisel's Series B

Funding success fuels Citron's ambition
Tencent leads investment in Hammer & Chisel's Series B
Date Type Companies Involved Size
Feb 10, 2015 investment Benchmark Capital Discord Tencent YouWeb Not disclosed
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Hammer & Chisel, the developer behind the iPad-only MOBA Fates Forever, has closed its Series B funding round.

It was led by Chinese giant Tencent and supported by Benchmark Capital and YouWeb's 9+ fund, and brings the San Francisco developer's total funding raised to $8.2 million.

Buoyed by the news, Jason Citron - founder of both Hammer & Chisel and OpenFeint - has stated his long-term ambition for Fates Forever, and whatever's next for the studio, to reach massive numbers of players.

Hardcore ambition

“There are an estimated 100,000,000 to 200,000,000 core gamers right now - growing at a rapid pace," said Citron.

"We think there’s tremendous opportunity to craft high end, respectful experiences tailored to the mobile play patterns of core gamers."

“This investment paves the way for us to bring high end mobile games to emerging markets all around the world, which constitutes a substantial percentage of the future core gaming population.”