Cyprus-based Eschatology Leisure has raised $11.3 million in sequence A funding to finalize its upcoming Souls-like FPS set in a post-apocalyptic wild west. South Korean developer and writer Krafton led the spherical with each GEM Capital and The Video games Fund returning to take part.
At present, the studio has accomplished pre-production and a showcase vertical slice of its first title. Eschatology’s (rising) staff of 65 builders in 8 international locations is working in direction of the sport’s launch, however has not set a launch window but.
“With the support of our new partner, Krafton, and the ongoing teamwork with old friends GEM Capital and The Games Fund, we now have all the resources needed to bring our ambitious vision to life. It is not only an opportunity to finish a unique, strong product. It is important for us to narrate this incredible story through different games, opening with an alternative apocalyptic Wild West setting,” stated Fuad Kuliev, CEO, inventive director and cofounder of Eschatology Leisure.
In 2022, Dmytro Kostiukevych, Boris Nikolaev, Viktor Antonov and Kuliev based Eschatology Leisure. Its management staff all beforehand labored for Wargaming, the studio behind World of Tanks, aside from Antonov who served because the visible director for Half-Life 2 and Dishonored.
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Eschatology’s path ahead
Eschatology is the latest studio in Krafton’s funding portfolio. Since 2022, the South Korean writer and developer has invested in or acquired 27 different studios — together with 11 in 2024. Most lately, Krafton acquired Hello-Fi Rush developer Tango Gameworks.
“Eschatology Entertainment has an exciting future ahead of them, and we’re delighted to offer support to the team and their innovative ideas,” stated Maria Park, VP and Head of Company Improvement at Krafton. “This is at the very heart of what Krafton’s ‘Scale-Up-the Creative’ strategy is all about – finding the best talent in gaming and working with them to bring their creativity to the whole world.”
The South Korean writer is at present serving as a strategic accomplice. Eschatology introduced plans to make use of this funding to ascertain an inner publishing staff.
The studio beforehand closed a $4 million seed spherical in November 2022 to fund preliminary growth and hiring. GEM Capital and The Video games Fund co-led the spherical, every contributing half the full capital. Demonstrating their dedication to the challenge, each buyers have returned for this new Krafton-led funding spherical. In reality, GEM Capital has elevated its possession stake in Eschatology Leisure by way of this elevate.
