Nicosia-oriented KRAFTON led a $11.23 million financing round that included participation from GEM Capital and The Games Fund, while Eschatology Entertainment, a game development firm renowned for its roster of seasoned industry experts, announced the round’s conclusion.
In this approach, GEM Capital has shown a significant commitment to the team by increasing its ownership stake in the business. With this investment, the studio will be able to finish important development phases and guarantee a smooth production and launch for their next Souls-like first-person shooter game set in an apocalyptic Wild West.
Eschatology Entertainment was established in 2022 by Fuad Kuliev, Dmytro Kostiukevych, Boris Nikolaev, and Viktor Antonov. They put together a top-notch, multicultural staff with extensive backgrounds in entertainment and gaming development.
A group of exceptional professionals, Eschatology Entertainment has experience working at studios such as Valve, Wargaming, 4A Games, Bluehole Studio, GSC Game World, and Frag Lab.
The group has experience expanding the popular video game World of Tanks to new areas and creating other very popular MMOs throughout the world.
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The visual aesthetic of Half-Life 2 and other Dishonored titles was created by the studio’s Visual Director. Among other games, Master of Orion, Caliber, and Shatterline have all been managed, published, and released by other team members.
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The previous $4 million financing round for the studio, which was led by GEM Capital and The Games Fund, allowed for the first stages of production and the hiring of an exceptional staff. With this fresh $11.3 million investment, Eschatology is expected to launch its first project in due course. After a showcase vertical slice and pre-production were finished, the game is currently in its busiest stage of development.
This investment guarantees excellent development, a smooth production process, and a timely release. Furthermore, Eschatology intends to form a publishing team, indicating their aspirations going beyond this pilot project.
“This deal is more than just a financial investment; it’s a collaborative journey that allows us to fully immerse ourselves in creating a world rich in atmosphere, history, and tough challenges. 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,” said Fuad Kuliev, co-founder of the studio.
About Eschatology Entertainment
Eschatology Entertainment aims to push the industry with a new generation of immersive hardcore experiences centered in a unique live game environment with an apocalyptic theme. They invented a story-filled, philosophical environment. Discovery and exploration await.
