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Rebel Wolves' The Blood of Dawnwalker secured $40M in development funding through a stake sale to NetEase, launching September 2026.

PRIVATESep 27, 2026

Amount Raised

$40 Million

Round Type

Venture

PolandGamingVideo Games

Investors

Net Ease

Description

Polish game studio Rebel Wolves funded its dark-fantasy open-world RPG The Blood of Dawnwalker with a $40 million development budget, largely through a stake sale to NetEase. The game launched on PC, PlayStation 5, and Xbox Series X|S on September 3, 2026, with Bandai Namco Entertainment as publisher. The $40 million budget, spread across roughly four years of development, sparked industry debate as notably lean for an open-world RPG of its scope. The figure covers development costs only and excludes marketing, distribution, and post-launch support expenses.

Company Information

Company

Rebel Wolves

Location

Poland

About

Rebel Wolves is a Polish game development studio and the creator of The Blood of Dawnwalker, a dark-fantasy open-world action RPG set in 14th-century Carpathia. The game was developed over approximately four years with a budget of $40 million and published by Bandai Namco Entertainment. NetEase acquired a 26% equity stake in the studio as the primary funding source. The Blood of Dawnwalker launched on September 3, 2026 across PC, PlayStation 5, and Xbox Series X|S.

Fundz sees it the moment Rebel Wolves raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Strategic

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Rebel Wolves raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 285,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.