Tencent sinks more cash into Playground Games founders new studio
Summary
Tencent has made another undisclosed investment in Lighthouse Games, the UK studio led by Playground Games founder Gavin Raeburn. The funding will support development of the studio’s unannounced driving game. Lighthouse Games says the new cash injection helps it strengthen its 120-person team and keep full creative control over the project. Tencent’s Venture Lab has backed the studio before, and the company continues to expand its games portfolio through investments and stakes in studios and publishers.
Funding
Amount
None
Total raised
Date
January 1, 2024
Announcement date
Investors
Jinhuitong Investment
Lead investors
Company
lighthousegames.com
Funded company
Classifications
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applications
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