Game developer TinyCo raised USD20 million in a financing round led by Pinnacle Ventures. Andreessen Horowitz, an existing investor, also participated in this round. Part of the said amount was a debt investment. Other details of the deal were unconfirmed, according to a report published by TechCrunch.

TinyCo is a company from Silicon Valley that develops games for iOs and Android. The company dominated the charts two years ago with its top-grossing games Tiny Monsters and Tiny Castle. However, it went down the ranks when game makers Supercell and King took over the charts. TinyCo recently laid off 27 of its workers, the report said.

The new capital infusion represents the game developer's step towards a new direction. TinyCo will be implementing strategies for higher budget titles and deeper game play, said the report.

In addition, TinyCo brought in Warcraft and Diablo builder Mike O'Brien to its board. Other new executives include former Zynga game designer Chelsea Howe, former Mobile Pie creative director Will Luton, and former LucasArts senior game designer Brett Levin, Tech Crunch reported.