LogInNewly-formed publishing and development studio announced it has raised $3.5 million in seed funding and shared that it's currently developing its first open-world RPG title.
Lost Ark
Postcard Game Studio, a newly-formed California-based game development company, announced it has raised $3.5 million in seed funding. The company received the investment from Smilegate, the South Korean video game company known for publishing Lost Ark.
Postcard Game Studio was founded in January this year by industry veterans who previously worked with Sony PlayStation, Microsoft Xbox, Ubisoft, and Electronic Arts. The studio is led by CEO and game director Ray Almaden who contributed to such titles as Uncharted 4: A Thief’s End, The Last of Us: Part II, and Horizon Forbidden West. Narrative director Ariadna C. Martinez, studio technical director Glen Darroch, and lead designer Justin Lippert have joined the leadership team.
According to the studio, its plans include publishing and developing AAA games for all major platforms. The company also shared that it's currently developing an unannounced open-world, first-person shooter RPG title.
Horizon: Forbidden West
"Setting up an independent games studio has been a dream project for some time, providing our incredibly talented team with full creative freedom to design an ambitious video game,” commented Almaden. "Knowing the game we’re going to make alongside the studio and culture we’re building, this will provide us with an opportunity to take our years of experience to the next level, especially with the support of Smilegate, who is helping to achieve our vision."
VP of business development at Smilegate Harold Kim added: "When we connected with the team at Postcard Game Studio and understood Ray Almaden’s vision for a truly original open-world FPS RPG, it was clear that our ambitions and core values were aligned". Kim also noted that this investment will facilitate Smilegate's further expansion within the Western market.
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