Chronicles: Medieval developer warns funding has fallen through

Raw Power Games, the studio behind Chronicles: Medieval, says funding for the game is no longer in place and that the developer is at real risk of closing. The statement appears on the game's official Steam News page, where the studio says development cannot continue without the missing funding.¹

That makes this more serious than a routine delay announcement. Raw Power Games is describing a threat to the studio itself, while also making clear that the future of Chronicles: Medieval is uncertain. The team says it is looking for a way forward, but has not announced a replacement investor, a new publisher or a revised release plan.¹

What Raw Power Games has said

The studio's statement says the necessary funding has fallen through and that it cannot continue development under the current circumstances. It also says the game was approaching Early Access, while stressing that this route is not guaranteed while the funding problem remains unresolved.¹

That distinction matters. Chronicles: Medieval is not being announced as cancelled, and Raw Power Games has not said that the project is definitively over. However, the developer's warning means the planned path towards Early Access cannot be treated as secure until the studio finds a sustainable way to continue.

The statement does not name a new funding partner or give a replacement timetable. It also does not announce a change of publisher, platform or region. For now, the confirmed news is the funding shortfall and the direct risk to Raw Power Games' continued operation.¹

Why this matters

Small studios are particularly exposed when a project reaches the expensive final stretch before release. A game can be playable and publicly visible while still depending on funding that has not yet been secured. If that money disappears, development can stop even when the project is close to a major milestone.

That appears to be the position Raw Power Games is describing here. The studio has a game with a public Steam presence, but that does not guarantee the team has the resources to finish it. The next meaningful update will need to come from Raw Power Games itself: either a new funding arrangement, a revised plan or confirmation that development cannot continue.

Our opinion

This is a worrying update because it comes directly from the developer rather than from speculation around an unannounced delay. Raw Power Games has been unusually clear about the problem: the money is not there, development cannot continue as planned and the studio may close.

There is still a route forward if the team can secure funding, so it would be wrong to call Chronicles: Medieval cancelled. But the statement also gives players no solid reason to assume the Early Access plan will happen. Until Raw Power Games announces a concrete financial or publishing solution, the honest reading is that both the game and the studio are at risk.