As a result, Travis Baldree and Erich Schaefer left, desiring to make games on a smaller scale, ultimately forming Double Damage Games.Runic would later develop Hob, an Action-Adventure game based on exploration in the style of The Legend of Zelda. During Torchlight II's development, Perfect World Entertainment invested $8.4 million into Runic, acquiring the company. A sequel, Torchlight II, was released in 2012. In 2009, the company released Torchlight, a top-down Action RPG in the vein of Diablo.
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