For thousands of PC players, Chronicles: Medieval has gone from being one of the most promising historical sandboxes on Steam to a game whose very existence was in doubt. Fortunately, Coffee Stain has stepped forward to secure its future. However, this second chance involves rebuilding a development studio rather than simply replacing its previous financial backer.
The Swedish group behind Satisfactory and Goat Simulator has reached an agreement to acquire the medieval adventure’s intellectual property and associated assets. More importantly, it has committed to financing the remaining development.
Chronicles: Medieval will continue under a different studio
Finding another investor was no longer enough to resolve the situation at Raw Power Games. The Copenhagen-based developer was officially declared bankrupt on October 30, 2026, coinciding with its public warning about the disappearance of essential financial support.
Just over two weeks ago, we covered the funding crisis threatening its Early Access debut. Now, the project has found a way forward, although the corporate structure behind its development will change considerably.
Coffee Stain will hold a 75% stake in a newly established company. Meanwhile, a select group of developers from the original team will collectively own the remaining 25%.
Keeping some of the original creators financially involved in the project could help preserve its creative identity. Nevertheless, the agreement does not guarantee that every former employee will return.
Why Steam wishlists make this medieval sandbox an attractive investment
Development began in 2022, but the game gained wider recognition following its appearance at Summer Game Fest 2025. Since then, it has climbed into Steam’s 30 most wishlisted upcoming titles.
Much of its appeal comes from blending historical action with military strategy. Set in Europe during the Hundred Years’ War, Chronicles: Medieval challenges players to assemble armies, command soldiers and personally participate in enormous battlefield encounters.
Instead of experiencing medieval warfare exclusively from a commander’s perspective, players can fight alongside their troops while shaping their own journey through the sandbox.
For Coffee Stain, acquiring an established project with several years of development behind it offers a different opportunity from financing an entirely new production. Furthermore, its existing visibility on Steam provides an indication of commercial interest before launch.
Of course, wishlists do not guarantee sales. However, they help explain why an unfinished game can remain an attractive investment even after its original developer has collapsed.
Coffee Stain is investing beyond the initial $5.4 million
According to Coffee Stain’s official announcement, the winning offer amounts to 36.75 million Danish kroner in cash, equivalent to approximately $5.4 million or €4.9 million, before transaction expenses.
However, acquiring the intellectual property represents only the beginning of its financial commitment. The Swedish group will also cover the costs of continuing development.
Initially, the new studio will operate with relatively modest expenses, which should increase as its workforce and operations take shape. Completion of the acquisition is expected within the coming weeks, once payment reaches the bankruptcy estate. No additional closing conditions remain.
Coffee Stain CEO Anton Westbergh highlighted the positive impression left by the game’s original presentation and its potential to become a lasting franchise. Given how quickly negotiations progressed, determining the best development strategy alongside the new management team will be an immediate priority.
Can Chronicles: Medieval still launch in 2027?
At present, the game’s Steam listing continues to display 2027 as its planned Early Access window. Coffee Stain, however, has yet to announce whether the new development arrangements will affect that schedule.
Rebuilding a studio while completing an ambitious historical strategy game presents challenges that financial backing alone cannot immediately resolve. Recruiting developers, coordinating existing technology and establishing production priorities could all influence the next stage.
A comparable example can be found in the recovery of Romero Games after losing its previous publisher. Although the circumstances differ, that project demonstrates how securing fresh investment does not necessarily mean returning to the original development plan unchanged.
There is currently no confirmation that the medieval sandbox will undergo a similar redesign. Further information about its direction and release schedule will arrive through its official communication channels.
For now, Chronicles: Medieval has secured a credible route back into development. Its survival is welcome news for historical strategy enthusiasts, even if delivering the experience originally envisioned requires more time.
Would you prefer Coffee Stain to maintain the 2027 Early Access target or give the new studio additional time to fulfil its ambitions?
Creator of the website, Pokemon trainer by nature. Trying to report on everything related to the world of video games, series and movies. Yu-Gi-Oh is my weakness, collecting cards since the dawn of time.
