Written by Dante Uzel on 20 December 2024 16:10
Moon Beast Productions has raised $4.5 million in seed funding. The independent game studio, founded by Phil Shenk, Peter Hu, and Erich Schaefer, secured backing from "a network of notable angel investors," including Gaingels, Cohh Carnage, and Mark Pincus. The round was led by 1AM Gaming, with additional participation from 1UP Ventures, The Mini Fund, Overwolf, and Versus Ventures.
The studio described the funding as a "critical moment" that will allow it to expand while "maintaining the lean, focused approach that has defined it since inception." The investment will also support the development of an action RPG that "challenges conventional design paradigms."
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"In today's challenging funding environment, we're incredibly fortunate to have investors who understand our vision," said Peter Hu, president and co-founder. "Our approach has always been about working smarter, not just harder. We're building reusable, data-driven systems that allow us to iterate rapidly and create more with less."
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