Dauntless studio Phoenix Labs announced today to have raised a Series B financing round from "prominent tech investors" Sapphire Ventures, GGV, Ridge, Signia, Next Frontier, and MTGx.
The funding will be used to build upon the game's foundation and "create a living and rapidly evolving online experience that will push the genre and industry forward". Moreover, Phoenix Labs now opened a new studio in San Mateo, California, which is currently recruiting.
Dave Hartwig, managing partner at Sapphire Ventures, said:
We were extraordinarily impressed with the team at Phoenix Labs, not only for their world-class and deep domain expertise but for the unique and compelling way they approached the market opportunity in gaming. The global market for gaming is growing exponentially, and Phoenix Labs has already seen tremendous success with Dauntless in the U.S. and abroad. We are excited to help this passionate team continue to grow their business and deliver compelling gaming experiences to their players.
Jesse Houston, co-founder and CEO of Phoenix Labs, added:
Sapphire Ventures, GGV, Ridge and our other investors are helping us build the future of Phoenix Labs as we prepare Dauntless for its release into Open Beta worldwide later this year. With this additional capital and the ongoing support from our passionate community, we are excited to usher in the next evolution of online action RPG experiences that will continue to expand and grow for years to come.
Dauntless is currently in Closed Beta. More than 850K gamers have signed up for it and more than 100K founding community members are helping shape the game with their feedback as well as slain over 3 million Behemoths over the course of the beta. You may find even more statistics in the infographic below.
Phoenix Labs is targeting a global Open Beta launch later this year on PC. You may join the Closed Beta right now by becoming a Founder.