Stormcloud Games secures seven figure investment from Chroma Ventures
Summary
The investment will allow the studio to start the development of its latest game ideas.Stormcloud Games was founded in 2012 by Frank Arnot, who remains the majority shareholder and has built a dozen-strong team of experienced developers in the decade since its launch. Arnot anticipates that the team will need to grow by around 50% over the next year, as development progresses.The company has gained considerable plaudits for its family-friendly titles, including the BAFTA-nominated games based on the bestselling childrens books The Gruffalo and Room on the Broom, and its original and award-winning childrens series Paper Zoo, Paper Ocean, and Paper Pets, for which the firm also earned a BAFTA nomination.Last year, in partnership with NatWest Group, Stormcloud launched Island Saver, a financial education game for children, which earned a nomination for Best Educational or Serious Game in the prestigious TIGA Game Awards 2020. It has now been downloaded more than 2.7 million times.Paddy Burns and Chris van der Kuyl co-founders of multiple award-winning games developer 4J Studios, best known for developing Minecraft for Microsoft, Sony and Nintendo games consoles established Chroma Ventures in March 2021 as a means of consolidating their existing investments and to give more structure to future investments.Chroma Ventures channels flexible capital into a range of early-stage and established businesses with high-growth potential, particularly data-led businesses and those developing and deploying innovative technology.Paddy Burns, principal, Chroma Ventures, said: Weve known Frank and the Stormcloud team for many years now and have followed their recent successes closely. Were delighted to add Stormcloud to the Chroma Ventures portfolio.Frank Arnot, founder of Stormcloud Games, added: Given the challenges weve faced in the past year with the pandemic, it feels particularly good to be part of a wider community of games developers working in similar genres. To be doing so with Chris and Paddys support both financially and practically is a real bonus.Having known each other for years, I think theres a natural affinity and understanding of what we each bring to the working relationship.