LIMASSOL, CYPRUS — Game developer Obelisk Studio has raised $2 million from venture capital firm The Games Fund (TGF), which it aims to use for the creation of Displacement, a first-person psychological action-horror game.
The AA horror game Displacement will be Obelisk Studio’s first intellectual property. The Cyprus-based firm has contributed to first-person shooting games such as Sons of Forest, Call of Duty, Fallout 76, and New World, as well as the multiplayer online battle arena Dota 2.
“AA” or Double-A games are mid-market video games that typically have some type of professional development, though typically outside of the major developers’ large first-party studios.
Obelisk also crafted models for American filmmaker David Fincher’s episode of the animated anthology series “Love, Death & Robots.”
“We’re so happy to see the excitement that ‘Displacement’ sparks in people when we recruit and tell them about the game we work on! They see the potential even at this early stage and share our vision that the market and players are waiting for a true hardcore horror game,” said Artem Dorokhin, Co-Founder and CEO of Obelisk Studio.
The California-based TGF is an early-stage venture capital firm that invests in game developers, gaming technologies, and services. Its inaugural fund raised $50 million to invest in gaming companies and founders from emerging markets in central and eastern Europe.