The round also saw participation by Pioneer Fund, Boost VC, muru-D, and Thomas Rice. The studio today announced it has raised a $12.4 million seed round… and not just from any old investors either the round was co-led by Makers Fund and Andreessen Horowitz, the latter being a well known name in the venture capital space-with nearly $20 billion in assets under management-and an early investor in Oculus. The studio says the game spent “seven weeks at #1 on the Oculus charts” and “produced historical engagement metrics for the platform ” at its debut.Īnd it would seem investors took notice. Through an impressive effort the studio managed to port A Township Tale to Quest where it seems the game has found the right conditions to thrive. Though it was loved by many who played it, the title remained something of a sleeper, likely due in part to the fact that the studio has only ever distributed it independently rather than through storefronts like SteamVR or Oculus PC. Studio Alta had been quietly developing its brilliant co-op focused VR game A Township Tale for years on PC as a small indie team. Australia-based Studio Alta, the developer behind A Township Tale, today announced it has raised a $12.4 million seed investment to expand its studio and accelerate development of the game.
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