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Oct 04, 2023

Sad Cat Studios secures $5M in funding through GEM Capital to release sci-fi action platformer REPLACED in 2024

From Press Release:

Oct 4 – Today, developer Sad Cat and Cyprus-based venture firm GEM Capital announced a $5M investment in the studio. The funds will be used for development of future games, mainly Replaced, as well as a buyout of shares from the studio’s angel investors.

Replaced (stylized as REPLACED) is a cinematic action platformer set in a dystopian retro-futuristic vision of ‘80s America. The game combines spectacular and fierce combat encounters featuring old-school hand-painted pixel art enhanced with modern visual effects. Players take on the role of REACH, an AI trapped within a mortal human body against its will, fighting for survival against all odds. Replaced promises a thrilling story set in a variety of beautiful locations both inside and outside of Phoenix City, as well as a fast and ruthless combat system

Replaced first debuted at E3 2021 during Microsoft’s Xbox Showcase. Xbox head Phil Spencer wrote on X that Replaced “is something unique and different” and that he was “proud to have it in the show”.

The second trailer premiered at The Game Awards 2022. The game’s two trailers have since received over 2 million views and garnered highly positive feedback from players, with 98% likes on YouTube.Replaced is included in the lists of the most anticipated games by VentureBeat, Polygon, IGN, GameSpot, Forbes, RockPaperShotgun and more. Replaced was included by Unity in the list of “Incredible Made with Unity games” at GDC 2023.Replaced is among the most wishlisted games on Steam.

Sad Cat Studios

Sad Cat Studios was founded in 2018 in Minsk, Belarus, by game developers and entrepreneurs Yura Zhdanovich and Igor Gritsay. Yura, with over 8 years of experience as an artist and visual designer in game development companies and startups like MSQRD, joined forces with Igor, who has a strong background in IT and e-commerce, to establish the foundation for the studio’s remarkable journey.

Since then, the studio has partnered with publisher Coatsink and relocated its headquarters to Limassol, Cyprus. It now operates from offices in both Limassol, Cyprus and Gdansk, Poland.

With a team of over 30 game developers, Sad Cat Studios is gearing up to release their upcoming game, Replaced, in 2024 on PC and Xbox consoles. Leading roles in the studio are held by individuals with experience working in companies such as Wargaming, Azur Games, Playgendary, Mandragora and more.

Stay updated with the latest news and updates on Replaced by following Sad Cat Studios on Twitter/X.