Chronicles: Medieval is an impressive looking open-world sandbox where players explore a dynamic Medieval world and fight in massive, authentic battles. It's been in development for more than four years and is due to launch into Steam early access early in 2027.

However, there is a very real chance this will no longer happen, as developer Raw Power Games suddenly faces closure after funding for its game was pulled.

On Friday, Raw Power Games posted a statement to Steam and on social media channels (via IGN), explaining how the studio has suddenly found itself in dire straits. "Due to circumstances outside our control, the necessary funding for Raw Power Games is no longer in place," the studio wrote. "Without it, we can't keep building Chronicles: Medieval, and right now the studio is at real risk of closing."

This appears to be a sudden development. Through October, the studio had been posting regular development updates, including an incredibly detailed deep dive on Medieval coats of arms and how they would appear in the game. None of it suggested a studio that's in trouble, so it seems this has caught Raw Power off guard.

By the sounds of it, Chronicles: Medieval isn't all that far away from being done, either. Or at least ready for its planned alpha launch: "What makes it hurt is how close we are. Early access is within reach," Raw Power Games writes in its statement.

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