Just 1 year after raising $340,000 on Kickstarter to make a 'vibrant' new JPRG, Studio Camelia abruptly closes

After raising nearly $340,000 on Kickstarter in a crowdfunding campaign that ended in June 2024, Studio Camelia, the developer of "a vibrant tribute to the golden age of JPRGs" called Alzara Radiant Echoes, has announced that it's shutting down.
In a Kickstarter update (via Game Developer), Studio Camelia said that despite the success of the crowdfunding campaign, it's been unable to secure further financing and thus cannot continue development.
"We started the studio with our personal savings and managed to convince business angels, banks, and institutions who believed in our vision and supported us," the dev team wrote. "We were even honored to be accepted into Microsoft’s Developer Acceleration Program.
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