Dead Astronauts raises over $4M in seed round to develop its first game

Dead Astronauts, a relatively young studio, announced today that it has raised €4 million, or about $4.1 million in an oversubscribed seed round. Behold Ventures led the round, with Lifelike Capital, 1Up Ventures, Acequia Capital participating alongside angel investors Are Mack Growen, Matt Bilbey, Klaas Kersting, Asbjoern Malte Soendergaard, and Kristian Segerstråle. The company plans to put the funding towards expanding its team and working on its first title.

The studio started in 2024, founded by Tobias Nyman, Erik Morin, Robert Moschos, and Thomas Tedemalm, who previously worked at Massive Entertainment, Ubisoft and Epic Games. The founders say they intend to expand beyond this team of four and recruit new talent from triple-A and indie studios. Its first game is an open-world action-adventure game called VEIL, a UE5 title set in “a mysterious world inspired by the vast Nordic wilderness.”