Courtesy of Thatgamecompany

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Santa Monica-based indie gaming studio Thatgamecompany has raised $160 million as it seeks to parlay games like “Sky: Children of Light” into a “theme park”-like metaverse experience.

The funding was led by private equity giant TPG—which invested through its tech-focused, $1.5 billion Tech Adjacencies fund—and venture firm Sequoia Capital. Thatgamecompany plans to use the capital to expand its roughly 100-person staff to more than 150 people and develop upcoming games, co-founder and CEO Jenova Chen told VentureBeat.

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