Moon Beast Productions, an independent game studio founded by industry veterans Phil Shenk, Peter Hu, and Erich Schaefer, has secured $4.5 million in seed funding. Led by 1AM Gaming, the round is joined by 1UP Ventures, The Mini Fund, Overwolf, Versus Ventures, and a network of notable angel investors that includes Gaingels, Cohh Carnage, and Mark Pincus.
Moon Beast Productions, the independent games developer founded by industry veterans Peter Hu and Phil Shenk, has announced the appointment of Erich Schaefer to their executive team as Chief Creative Officer. Erich will be leading the creative direction on Moon Beast’s unrevealed Action RPG project, and hopes to revolutionise the genre alongside his long-time collaborators from Blizzard North.