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GFAL closes $3.2M seed round with investors including Supercell and Mitch Lasky

Apr 29, 2024over 1 year ago

Amount Raised

$3.2 Million

Round Type

seed

BarcelonaVideo GamesGaming

Investors

David FernandezBcnbcnlvcBonduc Bioscience SlHeinrich ZetlmayerMitch LaskySupercell Ltd

Description

Web3 video games startup GFAL, also known as Games for a Living, has closed a seed funding round with several investors, which include Supercell Ltd and Mitch Lasky, among others. The $3.2 million round builds on the $4.4 million in capital from token pre-sales that the company obtained in 2023 through GFAL’s successful token offering. The additional funding will help GFAL expand its core team and accelerate its production plans. The studio will build on the successful soft launch for mobile of the game Elemental Raiders, which took place in March 2023.

Company Information

Company

GFAL

Location

Barcelona, Catalonia, Spain

About

GFAL is a video game development and publishing startup leveraging the latest technology to craft innovative, engaging and endless games. Founded by seasoned industry experts, GFAL fuses creativity and high tech – from AI to Web3 – to shape the future of gaming. Its creations, designed to inspire, captivate, and resonate across generations, demonstrate a commitment to limitless fun and immersive gameplay.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers