Former ArenaNet game developers raise $3.3 million for Tenacious Entertainment

Mobile gaming studio Tenacious Entertainment, created by former ArenaNet developers, has raised $3.3 million.

The Bellevue, Washington-based studio was founded last year by CEO Roy Cronacher and other former ArenaNet developers. Their focus will be on creating a culture of creativity and collaboration, with an unnamed debut title slated for 2020.