Web3 gaming startup GFAL raises $3.2 million from Supercell, Mitch Lasky
Web3 gaming startup GFAL has closed a $3.2 million seed funding spherical with traders together with Supercell and Mitch Lasky. This builds on $4.4 million GFAL raised in 2023 from token presales.
In response to the announcement, the funding will develop GFAL’s group and speed up manufacturing plans, constructing on the delicate launch of the cellular recreation Elemental Raiders in March 2023.
“We’re extremely grateful for the arrogance that Supercell, Mitch, and Heinrich have positioned in GFAL,” mentioned Manel Kind, CEO of GFAL. “Engaged on a undertaking alongside Journey and Ilkka, with whom I shared many thrilling and profitable years at Digital Chocolate, is a dream come true, and I can’t wait to point out the world the excessive caliber of video games we’re constructing.”
GFAL, often known as Video games for a Residing, goals to construct progressive, participating infinite gaming by new genres and fashions. The undertaking’s group consists of management from King Leisure, Activision Blizzard, EA, Netflix, and Digital Chocolate.
Its token GFAL is up 361% since its launch on March 13, 2023, with a completely diluted valuation of $265 million.
“I’ve had the pleasure of working along with the group earlier in my profession,” mentioned Ilkka Paananen, CEO of Supercell, mentioned. “We’re excited to be a part of their journey and see all the nice issues they’ll obtain.”
Different traders included former ESL Co-Managing Director Heinrich Zetlmayer, Bonduc Bioscience, BCNBCNLVC and Sandsoft CEO David Fernandez.
