New studio Precursor chose not to fund its ‘spiritual successor’ to Shadow of the Eternals via Kickstarter, and perhaps now we know why.
As investigated by Polygon, the project is asking for ‘donations’. If it were being run on Kickstarter then Precursor would only be able to collect the money upon successfully hitting their target funding goal. It was also be obligated to use the cash to fund the game’s development.
This, however, is not the case with Shadows of the Eternals.
The T&Cs state that all donations given to the studio are “strictly donations and are not consideration for any services or product”. Worse still “a donation cannot be cancelled or returned once it has been completed, whether or not Precursor Games completes the game or fulfils the specified reward”.
Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.
YTD: Jan 1, 2026 - Oct 24, 2026 vs Jan 1, 2025 - Oct 24, 2025
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Number of Filings131Prior 126 +4.0%
Target Raise, Total$3.40BPrior $3.54B -3.9%
This YTD
Year prior
Change
Filings
131
126
+4.0%
Target raise
$3.40B
$3.54B
-3.9%
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This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.
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