London-based game developer Omeda Studios has closed a $2.2 million seed funding round to work on Predecessor, a successor to Epic's Paragon.
As revealed in a blog post on the firm's website, the investment was led by GFR Fund, with Inventure, Progression Fund, 1Up Ventures, Aream & Co. and Ride Ventures, along with UK’s super gaming angels Chris Lee, Jas Purewal and Rupert Loman also taking part. In a news post the previous day, Omeda also announced that it had received a grant as part of Epic's MegaGrants program.
This cash is being used to make Predecessor, a game based on Epic Games' MOBA Paragon. That title was cancelled in 2018, but the firm made all of its assets available to developers using Unreal Engine. Epic said at the time that this represented $12 million of work.
Omeda was founded by CEO Robbie Singh (pictured), a streamer, who used to play Paragon and wanted to finish what Epic had started.
“We put a lot of emphasis on listening to our community, which helps to ensure we are building the MOBA that we and our community want to play,” Singh said.
“We are a young studio and have the freedom to take risks that lead to big outcomes. Closing this important round of funding will help us get there - not just financially, but through access to top investors and game industry veterans including Ed Fries, co-creator of Xbox; Chris Lee, who has led multiple studios through successful exits; and GFR Fund, with deep roots in gaming and entertainment, among others. We are fortunate to collaborate with these exceptional partners as we continue to support Predecessor throughout the game’s lifecycle."