Playtonic opens a door to the future by selling minority stakes to Tencent

Playtonic announced that it has sold its minority stakes to Tencent. The company will use this investment to take the studio a step further.
Yooka Laylee
The Derby-based indie developer and publisher announced that it has sold a minority stake to Tencent.

Playtonic has taken a giant leap forward in its mission to create incredible gaming journeys and help Playtonic Friends. The Derby-based indie developer and publisher announced that it has sold a minority stake to Tencent.

Playtonic will use this investment to improve the recruiting process and headquarters, as well as scale their existing team structure to multiple teams.

Gavin Price, Founder of Playtonic, said:

“Six years ago we built a cool, exciting rocket ship, set a course we think is right and exciting. We are thrilled that Tencent agrees with that course and has provided some rocket fuel to further the reach of our mission!”

They stated that they are excited to bring many projects in mind, such as the Kickstarter project by Yooka-Laylee and Playtonic Friends, to life with the help of Tencent.

The studio reported that steps have been taken to recruit Danny Spiteri, whom we know from Raw Fury and Team 17. Danny’s arrival will allow Studio Head Gavin Price and Producer Andy Wilson to spend more time on the development side of things.

Danny Spiteri, Head of Playtonic Publishing, added:

“It’s been less than a year since Playtonic Friends was unveiled but, it’s fair to say, it’s made quite an impression in a relatively short space of time. The array of titles that’s already been published is quite something and I’m excited to see how I can add wind to the sails to help us build on the momentum we’ve already amassed to power us into 2022.”

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