Dauntless Developer Phoenix Labs Secures New Financing, Credits Monster Hunter World For Boosting Players
Phoenix Labs has announced that it has "raised a Series C financing led by Sapphire Ventures, with continued support from Everblue Management and other current investors." While Phoenix didn't disclose the value of this new investment round, it's enough to let the Dauntless developer "expand our 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," said CEO Jesse Houston.
Houston spoke at greater length to GamesIndustry about the new investment, which he said would give the company "a couple years of runway." He called the open beta "better than we could have possibly anticipated," with revenue being five times better than their expectations, and still growing, though he stresses that the game is still very much in development. He also said that Phoenix Labs isn't spending much on advertising or other forms of user acquisition, content instead to bring people in through streamers or YouTubers.
Interestingly, he also credits Monster Hunter World with helping to boost Dauntless. When it launched earlier this year, some people thought Capcom's juggernaut title might eclipse the smaller studio's similar game, but Houston said that hasn't been the case.
"When those [PC and console] games have launched, we tend to see significant spikes in engagement in the positive for us. When they do a big marketing push, our sign-ups go up... It really opened the genre up. One of the operational challenges we had as a publishing team was how to grow that [monster-hunting] market in a cost-effective manner. Along came Capcom and really helped us in broadening that audience. Hopefully we helped them in some ways as well."
About the Author
Jason Winter is a veteran gaming journalist, he brings a wide range of experience to MMOBomb, including two years with Beckett Media where he served as the editor of the leading gaming magazine Massive Online Gamer. He has also written professionally for several gaming websites.
You May Enjoy
Mad World Devs Have Posted More Videos And Images Highlighting Its New Grotesque Environments And Bosses
While players are waiting for the next beta test, here are some new clips/images of monsters and settings.By Anthony Jones - 4 days ago
Divine Knockout Headed To PlayStation With Free Founder's Packs For December PS+ Users
It’s one of the PlayStation Plus monthly games for December.By QuintLyn Bowers - 5 days ago
Today's Hearthstone Update Adjusts Battleground And Sets The Stage For December 6th's Icy, Lich-y Expansion
March of the Lich King is next week, but today sees other updates to prep things ahead of time.By Michael Byrne - 5 days ago
After Eight Years, RuneScape Player Becomes First-Ever To Reach 200 Million XP Across All Skills In Iron Man Mode
Yeah, eight years.By Anthony Jones - 3 days ago
Everquest II's 19th Expansion, "Renewal Of Ro," Is Now Live: Launch Trailer Reveals New Zones And Threats
Discover new quests in unexplored regions of Ro and challenge perilous dungeons today!By Anthony Jones - 5 days ago
Lua’s Prey Unleashes New Co-Op Survival Missions And More To Warframe On All Platforms
Prepping for the Duviri Paradox begins and the 51st frame is released.By QuintLyn Bowers - 5 days ago