Neverland, developer of the Harvest Moon spinoff series, Rune Factory, has filed for bankruptcy, the company announced on its official website (via Siliconera). The company cited changing business trends and unsuccessful fundraising efforts in its decision to seek bankruptcy and close its doors.
Neverland has been developing the Rune Factory series since its inception, and its latest release, Rune Factory 4, was the fastest selling title in series history in Japan. The company had said last year that Rune Factory 5 was in the works, but the fate of the title is certainly in doubt now.
In addition to Rune Factory, Neverland is also known for developing multiple titles in the Lufia and Shining Force RPG series'.