Dauntless dev Phoenix Labs leads financing round to secure ‘a couple years of runway’


Indie developer Phoenix Labs, creator of cooperative action MMO Dauntless, announced this week that it has secured substantial funding thanks to “a Series C financing led by Sapphire Ventures, with continued support from Everblue Management and other current investors.” This news comes in the wake of Dauntless’s¬†open beta phase, which the studio says “surpassed two million players on PC” since its open beta earlier this year. According to Phoenix Labs CEO Jesse Houston, “The latest funding will help expand […] live service operations at Phoenix Labs and create new and exciting content even faster, keeping the heart beat of Dauntless steady and vibrant for years to come.”

Although Phoenix Labs has not disclosed the exact amount of funding it has received, Houston told GamesIndustry.biz that it’s enough to give the studio “a couple years of runway.” Houston calls¬†Dauntless’s open beta a success, saying that it “went better than [Phoenix Labs] could have possibly anticipated, in some cases like 5x-ing [its] most aggressive estimates. And the growth over the past four months has continued to be strong.”

And according to the official press release, Dauntless fans have plenty to look forward to: David Hartwig, Managing Director of lead investor Sapphire Ventures, pledges that Phoenix Labs has “ambitious plans for 2019 that will shake up the online world in new and exciting ways.”

Want a recap on the game? We took a long look at PAX West last month, and we hopped in when the beta opened as well:

Source: GamesIndustry.biz, Press Release
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