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Game developer Sock Monkey Studios has doubled with a £ 250,000 investment

Northeastern game developer Sock Monkey Studios has doubled in size with an investment of £ 250,000.

The Middlesbrough-based business doubled its staff last year as it expanded its suite of original games.

The company secured a £ 250,000 investment from the Northern Powerhouse Investment Fund last June and launched a demo version of its first original game, Fish Tanks.

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Increasing the number of employees from 17 to 37 also triggered the relocation to a larger office in the center of Middlesbrough town. Middlesbrough is focused on strengthening its marketing, art and animation teams and is expected to grow further. The developers said they had record sales this year and are on track to grow further in 2022.

Following the success of the Fish Tanks demo, the company is working with game developer Sumo Digital and global indie game developer tinyBuild to offer the original game in addition to working on other projects next year. I’m trying to secure a publishing contract to expand. ..

Sock Monkey was founded in 2013 by Darren Cuthbert and Bob Makin, and was later joined by Darren Falcus. With over 35 years of industry experience, Falcus co-founded Optimus Software, one of Teesside’s first video game studios, and was later sold to US publishing giant Acclaim Entertainment.

Last year, the team won numerous awards at this year’s Tees Tech Awards, CEO Makin was awarded the Business Leader of the Year, and co-founder and business development director Darren Falcus was awarded the Unsung Hero Award.

Makin said:

“As we continue to grow our team, we will continue to focus on supporting Middlesbrough and the wider community in the Teesside region. We will work closely with Teesside University to provide internships in the region. We will continue to support the growth of the region with the help of partners such as NPIF – Mercia Equity Finance. “

The company’s investment came from NPIF – Mercia Equity Finance, which is managed by Mercia.

Daniel Thomas of Mercia said: The company has a strong project pipeline and identifies exciting opportunities for strategic growth stories. We are pleased with last year’s performance and look forward to working with a team that continues to expand Sock Monkey in the fast-growing gaming sector. “

Sean Hutchinson of the British Business Bank said: It’s nice to see the organization drive innovation, develop skills and support work in the Tees Valley area. “

The Northern Powerhouse Investment Fund project is financially supported by the European Union, using funds from the European Regional Development Fund (ERDF) as part of the European Structural Fund Growth Program 2014-2020 and the European Investment Bank.

Game developer Sock Monkey Studios has doubled with a £ 250,000 investment

Source link Game developer Sock Monkey Studios has doubled with a £ 250,000 investment

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