Dead Astronauts Secures €4 Million in Seed Round Led by Behold Ventures

Sweden-based game developer Dead Astronauts has raised €4 million in its first seed funding round led by Behold Ventures. Klaas Kersting has also invested in the team and their open-world action-adventure game, codenamed Veil.

Founded in 2024 by Tobias Nyman, Erik Morin, Robert Moschos and Thomas Tedemalm with industry experience from Massive Entertainment, Ubisoft and Epic Games, Dead Astronauts is expanding beyond its core team and has raised €4 million in its first seed funding round. Lead investor Behold Ventures is joined by co-investors Lifelike Capital, 1Up Ventures, Acequia Capital. Angel investors are Are Mack Growen, Matt Bilbey, Klaas Kersting (Founder & CEO of Phoenix Games), Asbjoern Malte Soendergaard and Kristian Segerstråle.

"We are delighted to back such an ambitious team and look forward to seeing them bring their groundbreaking vision to life. At Behold Ventures, we are passionate about supporting visionary founders who are shaping the future of interactive entertainment. Investing in a new game studio is more than just funding - it's about empowering creative talent to push boundaries," said Karl Magnus Troedsson, Managing Partner at Behold Ventures.

Dead Astronauts is developing an open-world action-adventure game codenamed Veil in Unreal Engine 5. Veil uses procedural content generation and custom tools to create a world inspired by the vast Nordic wilderness.

"We are thrilled to have successfully completed our seed round and to bring our vision for Dead Astronauts to life as a next-generation game studio, with Behold Ventures leading the way," said co-founders Erik Morin and Tobias Nyman. "While today's market presents unique challenges, we see immense opportunities to reinvent open worlds and push game-changing technology. We're incredibly grateful to have investors who believe in our vision and are excited to support bold new player experiences."