Exploding Kittens, Inc have taken a $30 million investment from TCG Capital Management, an affiliate of The Chernin Group. The Los Angles-based company will use the investment to develop new games, grow its team, expand IPs, take control of production and distribution, and build community.
Founded by Elan Lee and Matthew Inman, the company raised $8.8 million crowdfunding its first game, Exploding Kittens. It has since released Bears vs Babies, You’ve Got Crabs, On a Scale of One to T-Rex, and Throw Throw Burrito.
TCG believes the company has built a strong fan base around the brand that will help it capitalize on the growing board game market. It joins similar consumer brands including Crunchyroll, Rooster Teeth, and Food52.
“Elan, Matt, and the Exploding Kittens team have done the hard work,” said Jesse Jacobs, Cofounder and Partner of TCG. “Tabletop games are a misunderstood, fast-growing segment of the media industry. We are thrilled to back Exploding Kittens, which will continue to flourish as people look for some levity and fun in their lives.”
Exploding Kittens will host its first gaming convention, Burning Cat, in May 2020 at the Oregon Convention Center in Portland, Oregon. The company sees Burning Cat as a re-invention of the typical fan convention.