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 traders.
The studio says that this money shall be put in the 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 staff, Peter Hu (proper) and Phil Shenk (far proper). Diablo 2 co-creator Erich Schaefer joined the next yr as its chief artistic officer.
“In right now’s difficult funding surroundings, we’re extremely lucky to have traders who perceive our imaginative and prescient,” president and co-founder Hu stated.
“Our method has at all times 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 observe the gang. All through our careers, we have at all times pushed to redefine genres. We have been there initially, 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 persistently sought to broaden what gamers anticipate from the style.”
