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Brier Dudley offers a critical look at technology and business issues affecting the Northwest.

August 25, 2009 at 3:00 AM

Smith & Tinker reveals VC funding: $29 million

Bellevue toy and game startup Smith & Tinker is disclosing its venture funding today: a cool $29 million from a batch of big name tech and game investors.

They include Paul Allen’s Vulcan Capital, Alsop Louie Partners, Foundry Group, Leo Capital Holdings and DCM, which led the round.

Alsop Louie provided the seed investment. Founding partner Gilman Louie is a former Wizards of the Coast board member and chairman of game company Spectrum Holobyte. He helped Smith & Tinker founder Jordan Weisman – a former Microsoft creative director – brainstorm ideas for the business that launched in 2007.

“It became evident very early on that the type of connected play pattern we wanted to create simply wasn’t viable at any existing company,” Louie said in the news release. “So we set out with Jordan and co-founder Joe Lawandus to create it ourselves.”

Smith & Tinker disclosed plans for its Nanovor online-offline trading game a few weeks ago but it wasn’t ready to talk about its money situation until today. It closed on the venture round in July and will begin selling handheld game players in October.

Comments | Topics: Billionaire techies, Games & entertainment, Microsoft

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