Apr 29, 2024
The Web3 gaming startup, Games for a Living (GFAL), has successfully raised $3.2 million in seed funding. This funding round, led by high-profile investors such as Supercell Ltd and venture capitalist Mitch Lasky, bolsters GFAL’s financial foundation, which includes $4.4 million secured from token pre-sales last year. This latest investment will accelerate the development of new gaming projects and the company's expansion plans.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
GFAL | Apr 29, 2024 | $3.2M | Seed | $8.9M | Supercell | Web3 |
GFAL's Investor Support and Team Expertise
GFAL's seed funding round saw participation from several notable investors, including Supercell Ltd, venture capitalist Mitch Lasky, Heinrich Zetlmayer (former co-managing director of ESL), Bonduc Bioscience SL, BCNBCNLVC, and David Fernandez (CEO of Sandsoft). These investors join an existing group of supporters, including Bonsai Partners, Nekko Consulting, and Inveready, providing a strong support network for GFAL’s ambitious Web3 gaming projects.
GFAL was founded by veterans from major firms such as King Entertainment, Activision Blizzard, Electronic Arts, Netflix, and Digital Chocolate. The company aims to pioneer new game genres and business models within the evolving gaming landscape. GFAL’s proprietary token, $GFAL, achieved a fully diluted valuation of nearly $255 million following a highly successful token launch in 2023.
Expansion and Key Projects
The recent influx of capital is designated for scaling GFAL’s operations and expediting the production timeline of key projects. Among these is "Elemental Raiders," a mobile game that launched softly in March 2023 and has been gradually building a dedicated player base.
Ilkka Paananen, CEO of Supercell, renowned for hits like Clash of Clans, expressed his excitement about the investment. “I’ve had the pleasure of working with the team earlier in my career. We are excited to be part of their journey and see all the great things they’ll achieve,” said Paananen.
Mitch Lasky, a seasoned gaming executive and partner at Benchmark, praised GFAL’s innovative approach. “I’ve been very impressed with the GFAL team’s design-centered approach to Web3 gaming, and I am delighted to join my friends Trip Hawkins and Ilkka Paananen in this financing round to support Elemental Raiders and other titles,” Lasky said.
GFAL’s CEO, Manel Sort, expressed his enthusiasm about working with esteemed industry colleagues. “Working on a project alongside Trip and Ilkka, with whom I shared many thrilling and successful years at Digital Chocolate, is a dream come true. I can’t wait to show the world the high caliber of games we are building,” said Sort.
Trip Hawkins, Co-founder and Chief Strategy Officer of GFAL, acknowledged the significant growth and potential of the firm. “I have incredible respect for Ilkka, Mitch, Heinrich, and our team. This investment proudly gives us a clear imprimatur. We are excited about the coming year and have the resources to deliver and continue our growth,” Hawkins stated.
About GFAL
GFAL (Games for a Living) is at the forefront of the Web3 gaming revolution, creating immersive and engaging games that leverage blockchain technology. Founded by industry veterans, GFAL combines creativity with cutting-edge tech to deliver games that captivate and inspire players worldwide. With a focus on transparency, fairness, and innovation, GFAL aims to redefine the gaming landscape.
Website: https://gfal.com/
Twitter Account: @GFAL_Official
Twitter Followers Today: 59,630
Twitter Followers 30 Days Ago: 59,593
Investor Profile:
Investor: Supercell Ltd
Description: Supercell is a leading mobile game development company known for creating hits like Clash of Clans and Brawl Stars. Supercell invests in innovative gaming companies and projects that push the boundaries of the gaming industry.
Location: Helsinki, Finland
Website: https://supercell.com/
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