Series creator Tim Schafer launched the project in early December via Fig, a platform he and fellow developers founded last August. Backers are offered equity in projects they put up the money for, as well as rewards similar to Kickstarter campaigns. For Psychonauts 2, the rewards include soundtracks, digital copies of the first and second games, and more.
Schafer confirmed that the game was in the works on-stage at The Game Awards 2015. It will launch on Linux, Mac, PlayStation 4, Windows PC and Xbox One, although there's no release date yet. The campaign page lists Fall 2018 as the expected arrival date for the rewards, however. A PlayStation VR spinoff is also in the works.
Check out the debut trailer below.