twitter.com/supercell” target=”_blank” rel=”noopener”>supercellthe developer behind the popular game Clash of Clans, has invested in gaming startup web3 twitter.com/GFAL_Official” target=”_blank” rel=”noopener”>Games to earn a living (GFAL) as part of a $3.2 million seed funding round. Other investors included venture capitalist Mitch Lasky and Heinrich Zetlmayer, among others.
GFAL also raised $4.4 million in early 2023 through a token offering, for a total of $7.6 million in funding for the year, and this latest investment will support the expansion of the GFAL team and the development of new web3 based games.
The startup's leadership team has experience with major gaming companies such as King Entertainment, Activision Blizzard, and Electronic Arts.
Source: GFAL Elemental RaidersBuilding on early GFAL progress
Ilkka Paananen, CEO of Supercell, welcomed the partnership and shared: “I have had the pleasure of working together with the team early in my career. “We are excited to be a part of their journey and see all the great things they will accomplish.”
Manel Sort, CEO of GFAL, also expressed gratitude for the recent funding and mentioned plans to use it to grow the company. “We are incredibly grateful for the trust that Supercell, Mitch and Heinrich have placed in GFAL. Working on a project alongside Trip and Ilkka, with whom I shared many exciting and successful years at Digital Chocolate, is a dream come true and I can't wait to show the world the high caliber of games we are creating,” he added. .
GFAL's recent success with the Elemental Raiders mobile game, a free-to-play turn-based hero battle with nft elements, has helped establish the company's reputation in web3 gaming and the team intends to use the new capital to take advantage of this. initial progress.
Other participants in the financing round are Bonduc Bioscience SL, BCNBCNLVC and David Fernández, CEO of Sandsoft.
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