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 enables console ports, mobile expansions in booming cozy games market.
  • Veteran 40-developer team attracts publishers seeking multiplayer co-op specialists.
  • Cross-platform tech licenses middleware to other studios post-Dauntless shutdown.

What critics are saying

  • Dauntless shutdown obliterates all revenue with no replacement title in 2025.
  • Forte Labs blockchain pivot caused developer exodus and project cancellations in 2023.
  • Layoffs decimated team, leaving zero viable projects after 2023 buyout.

What makes Phoenix Labs unique

  • Phoenix Labs pioneered cross-play and cross-progression in Dauntless across PC, PS4, Xbox One.
  • Founders from Riot Games built co-op AAA multiplayer expertise with BioWare, Blizzard veterans.
  • Developed unique monster-hunting action RPG Dauntless and cozy farming sim Fae Farm.

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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

Company News

Ziff Davis
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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