MMX Racing developer Hutch secures investment

MMX Racing developer Hutch has secured investment from Index Ventures and Initial Capital.

The funding will support the release of MMX Racing Multiplayer, which was launched on the App Store and Google Play today.

As part of the deal, investors Ben Holmes and Ken Lamb, who have previously invested in companies such as King, Supercell, Playfish and Mind Candy, have joined the studio’s board of directors.

To date, the single player version of MMX Racing has garnered more than ten million downloads.

“We’re thrilled to have Ken Lamb and Ben Holmes join our board in time for the launch of MMX Racing Multiplayer,” said Hutch CEO Shaun Rutland.

“The investment and strategic support from both Index and Initial have been enormously valuable to Hutch as we lay the foundations for a very big year ahead.”

As well as MMX Racing, London studio Hutch has previously worked on games such as Smash Cops, Smash Cops Heat and Smash Bandits.