Capital Today commits $7m to online game developer
China-focused investor Capital Today has participated in a $7 million round of funding for Thatgamecompany, a US online game developer.
Founded in 2006, the company has produced video games including Journey, Flower, Flow and Cloud. The investment will be used for developing new titles as well as to support self-pushing, marketing and distribution efforts, according to a statement.
Set up by Kathy Xu, formerly of Baring Private Equity Asia, Capital Today's past investments include Chinese fast food chain Home Original Chicken, Hong Kong fast food chain Tsui Wah Holdings, e-commerce sites JD.com and ihush.com, and online video platform Tudou.
The firm made a partial exit from JD.com last week through a $1.78 billion IPO.
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