TCG Capital invests $20M in Exploding Kittens
Exploding Kittens, a simple but funny card game by Shane Small, along with Matthew Inman and Elan Lee, creators of the comic strip The Oatmeal, stunned the board game community in 2013 when it broke records on Kickstarter, earning $8.8M from 219,000 backers. Since then, the company has released several games including the dodge ball inspired Throw Throw Burrito, Bears vs Babies, and the recent Wolfgang Warsch game On a Scale of One to T-Rex. The company is even starting its own convention, Burning Cat, set to premiere in Portland, Oregon in May 2020.
Exploding Kittens has recently announced that it has received investment capital of $30 million from the TCG Capital Management to finance its continued growth. Kittens has said the investment will be used “to develop more games for its fans, expand its IP into live events, build out its team, control more of its production and distribution, and continue to experiment with innovative ideas around gameplay to help further build the community.”
For the full press release please click here.