Denmu has announced the final close of Denmu Fund I. The debut fund closed oversubscribed, with total capital commitments exceeding its initial $50 million target. The capital is pledged to support game makers through development and into launch and growth.
The final close follows Denmu’s June fundraising announcement and comes alongside its growing portfolio of games, spanning independent projects to larger productions across PC, console and mobile platforms. The fund’s limited partners include a diverse group of game strategic companies, founders, family offices and foundations.
“We started Denmu to back games with a clear creative identity and to build lasting relationships with the people making them,” said Ryan You, general partner and CEO of Denmu, in a press release.
“Closing above our target gives us more capacity to do just that. Each game developer needs a different combination of funding, production support and access to players. Our job is to understand those unique individual needs and build a partnership that works for both the game and the studio over time.”
According to the press release, alongside the final close, Denmu is sharing further details on just some of the companies and games it backs, including:
- Fuse Games, developer of Star Wars: Galactic Racer, which launched on October 6, 2026. Denmu backed the studio that created the game, which was published by Secret Mode in collaboration with Lucasfilm Games. It was nominated for the Ultimate Game of the Year at the Golden Joystick Awards, while Forbes reported that the game had achieved the highest Star Wars Metacritic score in 23 years.
- DABA: Land of Water Scar, the upcoming action RPG from Dark Star Games, will be published by Sony Interactive Entertainment (PlayStation). Denmu is working closely with PlayStation on the game, which is scheduled to launch in spring 2027. DENMU has also become an official partner of PlayStation’s China Hero Project.
- Well Dweller, Kyle Thompson’s dark fairy-tale metroidvania, was recently published by Denmu’s affiliate Top Hat Studios. Released in September 2026, it currently holds a Metacritic score of 89 and an “Overwhelmingly Positive” Steam rating.
- CLUTCH, from Maverick Games, which was founded by former members of the Forza Horizon creative team, brings professional racing and underground driving to an open world set in the French Riviera. Published by Focus Entertainment, the game is scheduled for 2027.
- MOTORSLICE, from Brazilian developer Regular Studio, entered Steam’s global top 10 best sellers and is one of the best-selling indie games developed in Brazil.
- Rolling Stone ranked The Hundred Line: Last Defense Academy seventh in its “25 Best Video Games of 2025”.
- Labyrinth of the Demon King was named “Best Horror Game of 2025” by PC Gamer.
- DENMU’s previously announced portfolio titles include Blue Protocol: Star Resonance, Bleach: Soul Resonance, Silly Polly Beast and Sword and Fairy 4 Remake.
Sony Interactive Entertainment recently announced Denmu’s involvement in upgraded support for the China Hero Project, a PlayStation initiative designed to further expand its global collaborative ecosystem and deliver highly tailored professional services to Chinese game developers.
DABA: Land of Water Scar, developed by Dark Star (creators of Sinner: Sacrifice for Redemption), is part of Phase 3 of the China Hero Project and is one of the many games Denmu has invested in.