The deal will allow the Vancouver-based studio to further build upon the live services of its successful FPS titles, manage studio growth and fuel the development of future titles. Additionally, Tencent’s General Manager of Tencent Shooting Games Gram Xu will come on as a member of Offworld Industries’ board of directors.

“We see Tencent’s investment as a wonderful validation of both our track record for bringing engaging PC shooters to market and our long-term vision for the studio,” said Offworld’s Director of Finance Kristine Kakuno.  “Their reputation as a strategic partner in providing studios with the resources and freedom they need to excel is well documented. We are thrilled to have them along as we reach new heights with Squad and our future titles.”

With the new investment, Offworld Industries welcomes Tencent’s Shooting & Creative team to join the partnership. STC team brings a wealth of experience with a proven track record in successfully growing online first-person shooters having previously worked on the wildly popular CrossFire series.

“Offworld Industries’ has created an impressive catalog of first-person shooters,” said by STC team. “Tencent prides itself on investing in talented studios at all levels. We’re happy to contribute to the growth of Offworlds’ future and help provide the insights needed for the studio to reach its full potential.”