Liquid Swords, the studio established by Avalanche Studios founder and former CEO Christofer Sundberg in 2020, has obtained an undisclosed funding from NetEase Games.
The Stockholm-based studio mentioned the money will permit it to comprehend its imaginative and prescient of “simplifying the event course of to create distinctive, narrative-driven experiences.”
Notably, Liquid Swords mentioned it is going to proceed to function independently shifting ahead. The firm hopes the funding will permit it to develop to a 100-strong growth staff in 2023 and transfer right into a newly refurbished workplace.
“NetEase Games has been exceptionally supportive from the very get-go, believing in our excessive ambitions and quality-focused method to recreation growth,” mentioned Sundburg, commenting on the funding in a press launch. “We are very happy to have them as our companions on this journey and with their help, we will start to understand the imaginative and prescient for our studio.”
Liquid Swords is at the moment engaged on its debut venture, a single-player open-world action-RPG that is being developed solely in Unreal Engine 5.
The Swedish firm says the title shall be a “hard-boiled tackle the open-world crime style that focuses on deeply human, damaged, and tragically-beautiful tales of our metropolis’s darkish underbelly.”
For NetEase, the funding is the most recent in a latest flurry of spending that has seen it set up new studios corresponding to Jar of Sparks and GPTRACK50 and make investments closely in firms together with Something Wicked and Something Random.
Earlier this 12 months, the Chinese firm additionally made waves after buying Detroit: Become Human and Star Wars Eclipse developer Quantic Dream.
