1AM GAMING VC leads $4M investment round to develop Loric Games’ next-generation co-op airship RPG
ARLINGTON, Virginia - January 30, 2024 | In a landmark move signaling strategic growth, Loric Games
proudly announces the appointment of Jeff Hickman as its new Chief
Production Officer. Simultaneously, Loric Games unveils a significant
milestone in its journey—a $4 million USD funding round led by 1AM Gaming
along with Hiro Capital, fortifying the studio's position in the gaming
industry and clearing its path to build the next generation of co-op
RPGs.
$4 Million Funding Round Led by 1AM Gaming
Loric Games secured a substantial $4 million USD in led by 1AM Gaming, a
testament to the studio's potential in shaping the future of online
gaming. The investment will empower Loric Games to amplify its efforts
in creating cutting-edge co-op RPGs, fostering innovation and excellence
in a genre that’s ready for something new and unique.
"Everyone at 1AM can blame Brian, Rob, Jeff - and many of the Loric
Games team - for sleepless nights up late with our friends raiding the
Hibs in Dark Age of Camelot. For that alone, we almost invested in their new project," said Louis Gresham, Co-Founder of 1AM GAMING. "But
it was learning about their vision for the game and knowing that they
have a desire to steer co-op RPGs in a whole new direction that made us
realize we wanted to be a part of what they're building."
Jeff Hickman: A Visionary Leader in Gaming
Jeff Hickman, a luminary with over two decades of experience, assumes
the role of Chief Production Officer at Loric Games. His illustrious
career includes pivotal roles at NaturalMotion, Electronic Arts,
BioWare, and Mythic Entertainment, contributing to the success of
renowned titles like The Simpsons: Tapped Out, Star Wars: The Old
Republic, Warhammer Online and Dark Age of Camelot.
Rejoining forces with former colleagues from Mythic Entertainment, Jeff
Hickman expresses his enthusiasm for the new chapter at Loric Games:
"Joining the talented team at Loric is like coming back home. We're not
just colleagues; we're co-conspirators in a grand adventure. Together,
we'll turn our groundbreaking ideas into cultural phenomena, one game at
a time."
Brian Johnson, CEO of Loric Games, Shares Excitement
Brian Johnson, CEO of Loric Games, shares his excitement about working
with Hickman again: "Reuniting with Jeff at Loric isn't just about
collaboration; his arrival during a period of dynamic growth and
expansion underscores Loric’s commitment to elevating our high standards
in game production. Our team's collective journey, marked by both
successes and challenges, uniquely positions us to elevate new and
exciting game genres to unprecedented heights."
About Loric Games
Loric Games, a venture-backed game development company headquartered in
Arlington, Virginia, stands at the forefront of creating immersive
online gaming experiences. With a commitment to innovation, Loric Games
continues to captivate audiences worldwide.
About 1AM Gaming VC
1AM partners with game industry builders who want to work with investors
who’ve been in their shoes. Having started and exited companies,
shipped games on mobile, PC, and web, and driven revenue internationally
at companies like Google, Riot Games, Deloitte, Carlyle, Bessemer, Fox,
Warner, and more. Portfolio entrepreneurs include former leads from
multi-$B franchises like League of Legends, World of Warcraft, Call of
Duty, Apex Legends, Candy Crush, and Hearthstone.
Article by: Susan N.
