Nascent studios’ Sprocket Games announces a raise of $5 million in funding led by Bitkraft Ventures. Participation also came from 1Up Ventures, Gaingels, and Substrate. The company stated they plan to use the new capital to build its team and product suite.
Veterans of Riot Games, Google, Blizzard, Obsidian, and CCP Games – Josiah Kiehl, Jo Graylock, Nicolas Tittley, and Reina Sweet – founded Sprocket earlier this year. Their hope is to create a studio that supports a diverse, inclusive workforce with extensive benefits like healthcare. The developers are also working on the studio’s first game, which they call “a cross-platform, social adventure game.”
