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January 23, 2024

Obelisk Studio Scores $2M for the Rise of Chilling Horror Game 'Displacement'

Cyprus-based Obelisk Studio proudly declares a $2 million victory, courtesy of The Games Fund

In a thrilling announcement, Cyprus-based gaming powerhouse Obelisk Studio has just clinched a $2 million investment from The Games Fund, a cutting-edge early-stage VC fund dedicated to backing groundbreaking video game developers and gametech ventures.

Boasting a formidable team of 20, Obelisk Studio has been a pivotal co-development partner for gaming sensations like Sons of the Forest, which skyrocketed with over 2 million copies sold within the first 24 hours. Their illustrious portfolio includes collaborations on iconic titles such as Call of Duty, Dota 2, Fallout 76, New World, and even David Fincher’s episode for Love, Death & Robots.

The Games Fund, armed with a hefty $50 million in its inaugural fund, is on a mission to fuel the gaming revolution by investing in companies and visionaries from emerging markets in central and eastern Europe. Ilya Eremeev, Co-Founder and Managing Partner of The Games Fund, sees enormous potential in the realm of horror gaming, especially with Obelisk Studio leading the charge.

Ilya Eremeev believes in the power of a well-crafted AA game, one that pays homage to classic horror titles while injecting a fresh and gritty soul into the experience. The Obelisk team, armed with profound expertise and a track record of ethical management practices, is pushing the boundaries with their original IP, 'Displacement'—a spine-chilling horror game that's set to leave players on the edge of their seats.

Artem Dorokhin, the Co-Founder and CEO of Obelisk Studio, expressed his excitement about the buzz surrounding 'Displacement.' He emphasized the shared vision that both Obelisk and The Games Fund have for delivering a true hardcore horror game that resonates with the gaming community.

The Games Fund's commitment to supporting Cyprus as a key gaming region ensures that talented developers at Obelisk Studio won't be left in the dark. The funds raised will propel Obelisk into a new phase, focusing on the development of independent first-party titles.

As Obelisk Studio embarks on this exciting journey, the injection of $2 million is set to propel 'Displacement' into the gaming stratosphere, marking a significant milestone for both the studio and The Games Fund. The partnership promises to illuminate the gaming world with innovative, spine-tingling experiences for players worldwide.

Neil Hodgson Coyle
Neil Hodgson-Coyle
Editorial chief at TechNews180
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