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Obelisk Studio is an established AAA codevelopment company that has worked on household names franchises as well as independent games for over a decade. Today, it announced that the fund, The Games Fund, which invests in innovative game developers and GameTech firms, had awarded USD $2 million to Obelisk Studio.
The raised funds will be used to fund Obelisk’s pivot towards the development of first-party independent titles. Displacement is the studio’s debut IP. It’s a psychological horror game that explores human nature through isolation, madness, and intense melee combat.
Obelisk Studio, a 20-strong Cyprus studio, has played a key role in the development of many iconic games, including Sons of the Forest, Fallout 76, New World, David Fincher’s episode of Love, Death & Robots, as well as Call of Duty, Dota 2 and Fallout 76. Obelisk will be adding top-tier designers and developers to the Displacement team following the new investment. These individuals played important roles in the development critical acclaimed games such as Pioneer.
Artem Dorozhin, co-founder and CEO of Obelisk Studio commented:
We’re thrilled to see how excited people get when we tell them about our game and recruit new members. Even at this early stage, they see the potential and share our vision of the market and the players waiting for a real hardcore horror video game. The Games Fund has invested a great deal of trust and money in Obelisk. We’ve been able to build all the necessary infrastructure, make key hires and launch the company quickly thanks to the Games Fund and their extensive industry connections.
Alexander Vershinin is the Co-Founder and Creative Director of Obelisk Studio.
Fear is universally understood and taps into our primal instincts. Once considered a niche genre, action-horror has become so popular that it is hard to categorize as such. We are working with experts in extreme survival psychology to make ‘Displacement,’ the most authentic psychological experience, full of raw emotion and driving players insane.
This investment is in line with The Games Fund’s funding of unique and innovative gaming experiences.
Ilya Iremeev is the Co-Founder of The Games Fund and its Managing Partner.
“We think that a well-crafted AAA game that builds on the legacy of classic horror games with soul and grit is an opportunity. Obelisk, with its experienced team, ethical management, and original IP, is attracting some of the best talent in the industry and creating a beautiful and chilling horror video game. We are committed in continuing to support and invest in the growing gaming sector of Cyprus, which is one of our key areas, in order to ensure that the talented game developers won’t be left in the dark.
The Games Fund raised $50 million for its inaugural fund to invest in gaming firms and founders in emerging markets of central and eastern Europe. These include KEK, Jarvi Games and Red Rover Interactive.
