AAA IDG backs Telltale gaming growth

IDG backs Telltale gaming growth

The corporate venturing unit of International Data Group is among the backers of US-based gaming company Telltale Games’s latest $7m round.

 Telltale Games raised the series C round from IDG Ventures, venture capital firm Granite Ventures and several undisclosed angel investors. 

According to news provider CrunchBase, Telltale Games received $6m in Series B funding in 2007, and $1.4m of seed funding in 2006, bringing total funds raised since inception to $14.4m.  

Phil Sanderson, a managing director of IDG Ventures, said: "Digital distribution is changing the intrinsic dynamic of how video game publishers do business with retailers and consumers. With its profitable content model and digital storefront, Telltale Games is ideally positioned at the forefront of this emerging and critical new platform. "

Telltale was founded by several employees of LucasArts, the media company founded by film maker George Lucas, in 2004, and sells narrative games digitally in an episodic format.

Back To The Future: The Game, which was launched in December 2010, is on track to be the most successful title in the company’s seven year history with more than 800,000 episodes sold so far, Telltale said. In its history Telltale has sold more than 5 million episodes of games.

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