Moon Beast Productions has secured $4.5 million in seed funding.
The funding spherical was led by 1AM Gaming, with 1UP Ventures, The Mini Fund, Overwolf, Versus Ventures additionally collaborating along with angel buyers.
The studio says that this money will likely be put in direction of creating a brand new and modern motion RPG title “that challenges standard design paradigms”.
Moon Beast was based in March 2022 by two veterans of the Diablo 2 crew, Peter Hu (proper) and Phil Shenk (far proper). Diablo 2 co-creator Erich Schaefer joined the next 12 months as its chief artistic officer.
“In at the moment’s difficult funding setting, we’re extremely lucky to have buyers who perceive our imaginative and prescient,” president and co-founder Hu stated.
“Our strategy has all the time been about working smarter, not simply more durable. We’re constructing reusable, data-driven programs that permit us to iterate quickly and create extra with much less.”
Shenk added: “We have by no means been content material to comply with the group. All through our careers, we have all the time pushed to redefine genres. We have been there at the beginning, serving to to invent ARPGs with Diablo and Diablo 2. Within the years following, from Hellgate: London to Torchlight, and Marvel Heroes On-line, we have constantly sought to develop what gamers count on from the style.”
