Ex-Bungie chief’s ProbablyMonsters raises $18.8 million for two triple-A game studios


Harold Ryan, former CEO of Bungie, doesn’t do anything small. And so it’s no surprise that he is running one of the most ambitious video game startups in a long time. Today, Ryan’s ProbablyMonsters is announcing it has raised $18.8 million for the company’s two triple-A game studios.

Ryan has been running Issaquah, Washington-based ProbablyMonsters in stealth since 2016, and today the company is revealing its studios: Cauldron Studios and Firewalk Studios. The combined teams have more than 70 employees.

“For me, starting ProbablyMonsters was really a chance to step back, think about all the things that I wanted to learn or should have learned over the last 25 years in games,” Ryan said. “It was also a chance to try a new approach. My goal was to set up a new category of company.”

Above: Master Chief

Image Credit: Bungie

In July 2019, ProbablyMonsters closed a private $18.8 million Series A round led by Dallas Cowboys owner Jerry Jones; John Goff, chairman of Crescent Real Estate and Goff Capital; Luther King Capital Management affiliates; gaming executive and venture capitalist David Oxford;

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