Ken Lamb of Initial Capital and Ben Holmes of Index Ventures play MMX Racing Multiplayer.
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MMX Racing creator Hutch raises funding and launches multiplayer update

  • Posted byby Dean Takahashi
  • Updated
  • 2 min

MMX Racing mobile game developer Hutch has raised funding from new investors. And it’s also launching a major update for the game today in the form of new multiplayer capability.

The deal shows that the mobile game startup environment is going strong in the United Kingdom. London-based Hutch has raised an undisclosed amount of money from Index Ventures and Initial Capital. Ben Holmes of Index Ventures and Ken Lamb of Initial Capital will join Hutch’s board. Hutch’s flagship game, MMX Racing, has been downloaded more than 10 million times, and it is the top five ranks of the best-grossing racing games.

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Written by

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.