Moon Beast Productions Secures $4.5M in Seed Funding

Moon Beast Productions has recently raised $4.5 million in seed funding, marking an exciting step forward for the company. The primary investor in this round was 1AM Gaming, with significant contributions also coming from 1UP Ventures, The Mini Fund, Overwolf, and Versus Ventures, alongside some angel investors. This influx of funds is earmarked for the development of a groundbreaking action RPG that aims to push the boundaries of traditional game design.

Founded in March 2022, Moon Beast is the brainchild of Diablo 2 veterans, Peter Hu and Phil Shenk. They were later joined by Diablo 2 co-creator Erich Schaefer in the role of chief creative officer.

In the words of Peter Hu, president and co-founder, “In today’s challenging funding environment, we’re incredibly fortunate to have investors who understand our vision. Our approach has always been about working smarter, not just harder. We’re building reusable, data-driven systems that allow us to iterate rapidly and create more with less.”

Phil Shenk also shared his thoughts, “We’ve never been content to follow the crowd. Throughout our careers, we’ve always pushed to redefine genres. We were there at the start, helping to invent ARPGs with Diablo and Diablo 2. In the years following, from Hellgate: London to Torchlight, and Marvel Heroes Online, we’ve consistently sought to expand what players expect from the genre.”

With such a strong foundation and innovative vision, Moon Beast Productions is poised to make significant waves in the gaming industry with their upcoming projects.