Home Business Eschatology Entertainment Raises $11.3M in Funding for Post-Apocalyptic Wild West FPS Game

Eschatology Entertainment Raises $11.3M in Funding for Post-Apocalyptic Wild West FPS Game

Eschatology Entertainment, a Cyprus-based gaming studio, has successfully raised $11.3 million in series A funding. The funding was led by South Korean developer and publisher Krafton, with participation from GEM Capital and The Games Fund. This investment will be used to finalize the development of Eschatology’s upcoming Souls-like FPS game set in a post-apocalyptic wild west.

The studio, founded in 2022 by Dmytro Kostiukevych, Boris Nikolaev, Viktor Antonov, and Fuad Kuliev, has already completed pre-production and a showcase vertical slice of its first title. With a team of 65 developers spread across 8 countries, Eschatology is working towards the game’s launch, although no release window has been set yet.

Eschatology Entertainment’s CEO, Fuad Kuliev, expressed his excitement about the partnership with Krafton, stating that with their support, the studio has all the necessary resources to bring their ambitious vision to life. Kuliev also emphasized the importance of telling the game’s incredible story through different titles, starting with the alternative apocalyptic Wild West setting.

Krafton, known for its popular game PUBG, has been actively investing in the gaming industry. Eschatology Entertainment is the latest addition to Krafton’s investment portfolio, with the South Korean publisher and developer having invested in or acquired 27 other studios since 2022. Krafton’s Vice President and Head of Corporate Development, Maria Park, highlighted the company’s commitment to supporting innovative ideas and working with talented developers to bring their creativity to the global gaming community.

Eschatology plans to use the funding to establish an internal publishing team. In addition to this series A funding, the studio previously closed a $4 million seed round in November 2022, with GEM Capital and The Games Fund co-leading the round. Both investors have shown their commitment to the project by participating in this new funding round led by Krafton.

Overall, Eschatology Entertainment’s partnership with Krafton and the successful funding round will provide the studio with the necessary resources and support to bring their unique and ambitious game vision to life. As part of Krafton’s “Scale-Up-the Creative” strategy, this partnership exemplifies the publisher’s commitment to finding and collaborating with the best talent in the gaming industry. Gamers can look forward to the release of Eschatology’s post-apocalyptic wild west FPS in the near future.

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