Telltale Games picks up new funding

Following assistance from financial advisors Avance, US-based developer Telltale Games has secured $600,000 of funding from private investors across North America.

The investment will be used to finance the development of a new game franchise based on cult comic book series Bone, by Jeff Smith, along with titles based on a licence which has yet to be announced.

In addition, the funding will be used to finance the acquisition of new staff for the studio, which is based in San Rafael, California.

New employees already contracted include designer Greg Land, whose previous credits include Star Wars: Jedi Starfighter and Republic Command, and programmer Karen Petersen, who worked on Knights of the Old Republic II.

Both Land and Petersen formerly worked for LucasArts, as did Telltale founders Dan Connors, Kevin Bruner and Troy Molander.

Telltale CEO Dan Connors commented: "The investment community is saying Telltale is a unique company with a clearly differentiated proposition, ideally positioned in the fastest growing segment of the video game industry."