Phoenix Labs

Phoenix Labs

Develops cooperative, free-to-play action RPGs

Overview

Phoenix Labs is a Canadian game developer known for creating cooperative, multiplayer AAA titles. Its flagship game Dauntless is a free-to-play, co-op action RPG where players become Slayers who hunt giant Behemoths, gather resources, and craft better weapons and armor to face tougher monsters. The game supports solo or four-player play and was one of the first to launch with cross-play and cross-progression across PC and major consoles, with monetization through cosmetic items and a seasonal Hunt Pass. The studio also released Fae Farm, a farming life-simulation game. The company differentiates itself with a team of veterans from major studios like Riot Games, BioWare, Capcom, and Blizzard, and by focusing on cooperative multiplayer experiences built to survive as live-service games. Its goal is to create enduring, shared gaming experiences that bring players together across platforms, while iterating on content through ongoing live-service development.

About Phoenix Labs

Simplify's Rating
Why Phoenix Labs is rated
D+
Rated D+ on Competitive Edge
Rated D+ on Growth Potential
Rated D+ on Differentiation

Industries

Consumer Software

Entertainment

Gaming

Company Size

11-50

Company Stage

Acquired

Total Funding

$150M

Headquarters

Vancouver, Canada

Founded

2014

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Simplify's Take

What believers are saying

  • Fae Farm launched on Switch and Steam with positive reviews and DLC demand.
  • December 2024 Coasts of Croakia was free, extending engagement and goodwill.
  • Management said January 2025 support teams were trimmed while game teams stayed active.

What critics are saying

  • Phoenix Labs shut Dauntless servers May 29, 2025, destroying its core live-service revenue.
  • January 2025 layoffs hit most staff after Forte Labs ownership, gutting execution capacity.
  • Fae Farm now carries the studio alone; one weak release can finish Phoenix Labs.

What makes Phoenix Labs unique

  • Phoenix Labs built Dauntless with cross-play and cross-progression across major platforms.
  • Fae Farm gave Phoenix Labs a second live title outside monster-hunting.
  • Veteran founders from Riot, BioWare, Capcom, and Blizzard signaled elite game-ops talent.

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Funding

Total Funding

$150M

Above

Industry Average

Funded Over

1 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

-67%

1 year growth

-67%

2 year growth

-67%
GamesIndustry.biz
Feb 3rd, 2023
Phoenix Labs regains independence after management buyout

Canadian developer Phoenix Labs will go back to being independent following an investor-backed management buyout. Accor…

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