The new investment will allow the studio to start developing its latest game ideas. According to Stormcloud founder Frank Arnot, the company will need to grow its dozen-strong team by around 50% over the next year as development progresses.
Arnot said: “Given the challenges we’ve faced in the past year with the pandemic, it feels particularly good to be part of a wider community of games developers working in similar genres. To be doing so with Chris and Paddy’s support – both financially and practically – is a real bonus.
“Having known each other for years, I think there’s a natural affinity and understanding of what we each bring to the working relationship. I trust and value their opinions – which is why we started talking about this in the first place – and they trust in our team’s ability to do the work and to do it in the right way.”
The company develops family-friendly titles, including the BAFTA-nominated games based on the bestselling children’s books The Gruffalo and Room on the Broom, and its original and award-winning children’s series Paper Zoo, Paper Ocean, and Paper Pets, for which the firm also earned a BAFTA nomination.
Last year, in partnership with NatWest Group, Stormcloud launched Island Saver, a financial education game for children, which earned a nomination for ‘Best Educational or Serious Game’ in the prestigious TIGA Game Awards 2020. It has now been downloaded more than 2.7 million times.
Chroma Ventures Principal Paddy Burns said: “We’ve known Frank and the Stormcloud team for many years now and have followed their recent successes closely. Stormcloud has excelled in producing family-friendly games that everyone loves to play. When Frank shared their latest new games ideas with us, we decided that we wanted to help enable him and his team to develop them.
“What sets Stormcloud apart is the depth of experience in the team, many of whom have been making games for nearly 30 years. They know instinctively what works and what doesn’t, and they make original content in a style that is distinctly their own. We’re delighted to add Stormcloud to the Chroma Ventures portfolio.”
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As the investment arm of games developer 4J Studios, which developed Minecraft for Microsoft, Sony and Nintendo games consoles, Chroma Ventures aims to fund early-stage and established businesses with high-growth potential, particularly data-led businesses and those developing and deploying innovative technology.
Stormcloud Games joins a Chroma Ventures portfolio which includes another Dundee-based indie games studio in Puny Astronaut, Blippar- a leading augmented reality (AR) technology company, cupboard stored ready meal provider Parsley Box, and commercial insurance distribution and data platform Broker Insights.
Chroma Ventures recently provided a £25,000 donation to the Digital Xtra Fund to help schools and other organisations boost interest in computing and technology among young people aged 16 years and under.