Hutch Secures $5.5M for Mobile Gaming Expansion
Hutch, a prominent mobile free-to-play gaming studio located in the vibrant cities of London and Brighton, UK, has successfully secured an impressive $5.5 million in venture capital funding. This latest investment round was co-led by the well-known venture capital firms Index Ventures and Backed VC, both of which bring a wealth of experience and expertise to the table. With this substantial infusion of capital, Hutch aims to further develop and enhance its impressive portfolio of games, continuing its trajectory of growth and innovation within the competitive gaming industry.
Founded back in 2011 and currently led by the visionary CEO Shaun Rutland, Hutch has made a significant mark in the gaming landscape.
The studio achieved notable success with its title Hot Wheels: Race Off, which was developed following an exciting licensing agreement with Mattel. Released just in time for Christmas in 2016, this game captivated audiences, amassing over 14 million players globally within a mere four weeks of launch. This impressive feat highlights Hutch's ability to create engaging and entertaining gaming experiences that resonate with players around the world.
In addition to Hot Wheels: Race Off, Hutch has developed a diverse array of other popular titles, including MMX Racing, Smash Bandits, and Smash Cops, all of which showcase the company's commitment to creating high-quality gameplay that captures the imagination of users. The company had previously benefited from seed financing in 2014, which was led by Initial Capital, setting the stage for its continued success. With this recent funding, Hutch is poised to take its gaming offerings to new heights while shaping the future of mobile gaming in an increasingly competitive market.
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