One of the more ambitious medieval games on the horizon may never make it out. Raw Power Games, the studio behind Chronicles: Medieval, says the money behind it has dried up and that it is at “real risk of closing,” IGN reports.
“Due to circumstances outside our control, the necessary funding behind Raw Power Games is no longer in place,” the studio wrote on social media. “Without it we can’t keep building Chronicles: Medieval, and right now the studio is at real risk of closing. We’re not going to sugarcoat. You deserve to hear it plainly, and directly from us.”
The timing makes the news harder to take. “What makes it hurt is how close we are,” Raw Power wrote. “Early Access is within reach. The world we’ve been building for years is finally starting to feel alive.” The studio, based in Copenhagen with remote staff, said its developers had put “everything they have into this game, often far beyond what anyone asked of them.”
Chronicles: Medieval is an open-world sandbox set during the Hundred Years’ War that mixes large-scale strategy with third-person combat, letting players drop into a commander on the ground mid-battle. It was the 26th most wishlisted game on Steam and had been planned for an Early Access launch in 2027, according to TechRaptor.
The game made a splash when it was revealed at Summer Game Fest 2025 with an announcement trailer narrated by Tom Hardy. That trailer passed 2 million views on IGN’s YouTube channel alone.
Raw Power said it does not yet know how the situation will end, but that it is not giving up. “In the spirit of our game we’re not going down without a fight!” the studio wrote. It asked fans to keep the game on their wishlists and keep talking about it, saying that “matters more right now than you might think,” since wishlist numbers can help show potential publishers or investors how big the audience is.
The warning lands during a rough year for independent studios, with teams like Gravity Well cutting most of their staff as funding gets harder to find.
Raw Power has not said who its previous backer was or how long the studio can keep operating without new money.
