Obelisk Studio, a longtime AAA co-improvement corporation with a decade of revel in operating on family call franchises and impartial video games, these days pronounces it has secured USD $2 million from The Games Fund, a expert early-level VC fund that invests in progressive online game builders and GameTech agencies.
The increase will fund Obelisk’s pivot into the improvement of impartial first-celebration titles. Displacement, the studio’s first IP, is a mental action-horror recreation that explores the darkish aspect of human nature in an ecosystem of isolation and insanity and spiced with excessive violent melee combat.
Over the beyond decade, the 20-sturdy Cyprus-primarily based totally Obelisk Studio has been a first-rate co-improvement associate for Sons of the Forest, which offered over 2 million copies withinside the first 24 hours, and different iconic IPs, including Call of Duty, Dota 2, Fallout 76, New World and David Fincher’s episode for Love, Death & Robots. Following the brand new funding, Obelisk is reinforcing the handpicked Displacement group with top-tier builders and architects who formerly performed key roles withinside the improvement of seriously acclaimed video games like Pioneer.
Artem Dorokhin, Co-Founder and CEO of Obelisk Studio, commented:
“We’re so satisfied to peer the exhilaration that ‘Displacement’ sparks in humans while we recruit and inform them approximately the sport we paintings on! They see the capability even at this early level and percentage our imaginative and prescient that the marketplace and gamers are expecting a real hardcore horror recreation. The Games Fund has positioned a variety of agree with and aid in Obelisk. Thanks to their assets and large connections withinside the enterprise, we’ve constructed all of the essential infrastructure, made key hires, and kickstarted the corporation in report time.”
Alexander Vershinin, Co-Founder and Creative Producer of Obelisk Studio, said:
“While humor and drama can be culturally specific, worry is universally understood, tapping into our maximum primal instincts as human beings. The action-horror genre, as soon as taken into consideration area of interest, has grown to the factor in which it may infrequently be categorized as area of interest anymore. In collaboration with professionals withinside the psychology of intense survival, we’re making the ‘Displacement’ the maximum real mental horror revel in possible, complete of uncooked feelings and actually riding gamers crazy.”
This funding aligns with The Games Fund’s method of investment precise and progressive gameplay experiences.
Ilya Eremeev, Co-Founder and Managing Partner of The Games Fund, added:
“We consider that a well-crafted AA recreation, one which honors and builds upon the legacy of traditional horror titles with soul and grit, is a clean opportunity. With one of the maximum skilled groups withinside the region, moral control practices, and thrilling authentic IP, the Obelisk group is attracting the nice skills available in the marketplace and growing an inspiring and exquisite however in reality chilling horror recreation. We are devoted to persevering with our aid and funding withinside the developing gaming enterprise of Cyprus, certainly considered one among our key regions, making sure that the highly gifted recreation builders will now no longer be left by myself withinside the darkish.”
The Games Fund’s inaugural fund raised $50 million to spend money on gaming agencies and founders from rising markets in significant and japanese Europe, including KEK Entertainment, Jarvi Games, and Red Rover Interactive.