Theorycraft Games

Theorycraft Games

Independent studio creating deep multiplayer games

Overview

Theorycraft Games is an independent game studio focused on creating deep, engaging multiplayer titles. Its main project, codenamed Project Loki, combines elements from different genres into a single game described by players as a mix of League, Apex, and Smash. Loki aims to deliver a trio of experiences in one package: a group adventure, a competitive sandbox, and a highlights factory, all built around multiplayer rounds where players team up, compete, and showcase moments. The company differentiates itself by prioritizing social play that fulfills core human needs—belonging, creative expression, and mastery—and by blending multiple genres into one cohesive experience rather than sticking to a single genre. Its goal is to provide a game that is more enjoyable with friends and to build a sustainable business by selling games, with potential additional revenue from in-game purchases, subscriptions, or advertising in the broader market.

Significant Headcount Growth

About Theorycraft Games

Simplify's Rating
Why Theorycraft Games is rated
C-
Rated C on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Consumer Software

Entertainment

Gaming

Company Size

11-50

Company Stage

Series B

Total Funding

$87.5M

Headquarters

Los Angeles, California

Founded

2020

Simplify Jobs

Simplify's Take

What believers are saying

  • Veteran team from League, Overwatch, and Halo builds polished gameplay.
  • $50M Series B from Makers Fund, NEA, a16z extends runway.
  • Open beta late 2024 and Steam Next Fest demo drive hype.

What critics are saying

  • 1.0 release missed July 2025 deadline by nine months.
  • Riot's 2XKO steals audience with esports polish.
  • Playtest feedback reveals chaotic imbalances causing player churn.

What makes Theorycraft Games unique

  • Supervive blends MOBA, battle royale, and hero shooter genres uniquely.
  • Whimsical pop-apocalyptic art style sets it apart visually.
  • Combines PvE and PvP for expanded replayability beyond pure PvP.

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Funding

Total Funding

$87.5M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$50M
Theorycraft Games
$65M
Substack
$100M
ClickUp

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Unlimited Paid Time Off

Company Equity

Performance Bonus

Profit Sharing

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

-4%

1 year growth

7%

2 year growth

10%
AllKeyShop
Jun 30th, 2025
Supervive: Theorycraft Announces Official 1.0 Release Date for MOBA

Theorycraft has announced that Supervive 1.0 will release on July 24, 2025.

SPIN.ph
Sep 10th, 2024
MOBA plus Battle Royale, here's why SUPERVIVE is worth the try

THEORYCRAFT GAMES announced that SUPERVIVE, their free-to-play MOBA battle royale meets hero shooter, will debut a feature-rich demo at Steam Next Fest: October 2024 Edition.

Bleeding Cool
Jun 29th, 2024
Theorycraft Games Launches Supervive Week-Long Playtest

Theorycraft Games have launched a special playtest for their new game Supervive, as you can play an early version of the title.

Esports Insider
Jun 25th, 2024
Theorycraft Games reveals Project Loki official name SUPERVIVE

In June 2023, Theorycraft Games officially announced Project Loki and put the project into alpha testing in April of this year.

VentureBeat
Jun 25th, 2024
Theorycraft Unveils Hero Battle Royale Supervive, Coming To Open Beta This Year

GamesBeat is excited to partner with Lil Snack to have customized games just for our audience! We know as gamers ourselves, this is an exciting way to engage through play with the GamesBeat content you have already come to love. Start playing games here. Theorycraft Games has revealed Supervive, a new battle royale game previously codenamed Project Loki. The neon-apocalyptic hero BR game is the company’s first game and it will debut in open beta in late 2024.Supervive is set in an improvisational action sandbox where strategic, explosive shootouts meet a new era of storm chasing hunters — all with the aim of becoming the world’s next “10,000-hour game” for competitive squads. In celebration, Theorycraft is hosting their largest public playtest from June 27 to July 4. Players can pre-register here. I played a demo of the game, and then I interviewed Jessica Nam, executive producer of Supervive. I think it’s got some pretty amazing action, and plays like a polished and balance MOBA — one that looks like it was made by a team with a lot more people

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