Journey's studio raises $7M from Chinese venture firm

Thatgamecompany, the creator of the Journey and Flower games on the PlayStation 3, has announced a $7 million round of funding from China’s Capital Today.

The money will go to finance a new phase of development for its upcoming project, the Santa Monica, Calif.-based company said in an announcement on its website. The deal shows that this new project has potential, coming from a game development shop that has redefined and broadened the audience for games with its past titles.

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Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.