Fates Forever mobile game maker Hammer & Chisel raises funding from Benchmark and Tencent

Hammer & Chisel, the maker of the iPad game Fates Forever, has raised a second round of funding from Silicon Valley venture capital firm Benchmark Capital and China’s giant gaming and Internet company Tencent.

Jason Citron, the founder of Hammer & Chisel, said in an email that the company raised the money to think for the long-term and plot how it will be able to reach a billion gamers. Burlingame, Calif.-based Hammer & Chisel pioneered the creation of a multiplayer online battle arena (MOBA) game — think League of Legends on the PC — for mobile devices. Others have followed, but Citron aims to be more ambitious than his rivals. The amount of the investment wasn’t disclosed.