US-based Theia Studios has announced the completion of an investment round, resulting in $2.4 million raised. The company stated that the revenue will go to creating a decentralized modding platform intended to pave the way for innovations in the strategy genre.
The investment round saw many names, including Hashed, Snackclub, IVC, Mint Ventures, Taureon, Arcanum Capital, Big Brain Holdings, Lancer Capital, Ignite Group, Andover Ventures, and Plum Ventures. A previous round back in February 2022 saw nearly $1.3 million in investments for the New York-based studio.
Theia Studios’ team of executives consists of CEO Dylan Sena, CTO Kaustubh Garimella, CRO Guilherme Arten-Meyer, and Chief Creative Director Fino Feng.
CEO of Theia Studios, Dylan Sena, shared thoughts and comments about the direction of the company:
“The most popular game genres in the world – MOBAs, Battle Royales, Auto Chess – started out as mods. But all these amazing mod creators received zero financial attribution for their work. Our creator tools will enable freedom and creativity in the strategy genre, leveraging the blockchain to finally give creators the financial credit they deserve.”
The studio’s CTO, Kaustubh Garimella, added:
“I’ve been deeply involved with modding communities such as the Civilization community in the past – they were instrumental in creating new experiences for players and crafting innovative new genres and rules. There’s a terrific opportunity here for us to actually empower creators and give them the resources they need to unlock their creativity.”
The studio’s first title in the Theia ecosystem, Icons of Theia, is also in the works and will be accessible in closed beta on November 10. Theia describes the title as a 1v1 tactical strategy game where players can collect and develop unique characters, along with using tools to create maps, skins, and game modes. The game takes inspiration from titles such as Final Fantasy Tactics, Fire Emblem, and Chess.
Theia Studios shared that Icons of Theia will be used “as a foundation for Theia’s larger creator platform, a massive strategy ecosystem designed to allow players to fully unleash their creativity.” The company has included an expansive toolkit that consists of a map editor, asset pipeline, scripting framework, and economy builder, among other tools.
