August 08, 2024
Moonveil Entertainment, a web3 game studio based in the Cayman Islands, has completed a Pre-Series A funding round, raising its total funds to $9 million. The latest investment was supported by blockchain venture capital firms such as Spartan Group, Gumi Cryptos Capital, and HashKey Capital, along with Animoca Ventures, Hivemind, and Mask Network. This follows a previous seed round funded by P2 Ventures, though the company did not disclose its valuation.
Project | Latest Raise | Latest Raise Date | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Moonveil | $9M | August 8, 2024 | Pre-Series A | $9M | The Spartan Group | Gaming, Web3 |
Since its founding in 2022, Moonveil has developed a Web3 ecosystem with multi-game metrics. Co-founder and CEO M.J Wang announced that the new funds will be used to advance industry standards through their self-developed products on a ZK-powered Layer 2 chain built with Polygon CDK. Moonveil's flagship games, AstrArk and Bushwhack, along with the $MORE token Play-to-AirDrop event, are set to launch soon. The funds will also support growth initiatives and experimental projects on the ZK-powered Layer 2 chain.
About Moonviel
Moonveil Entertainment is a web3 game studio dedicated to creating immersive gaming experiences by integrating cutting-edge technologies. Their mission is to blend casual flexibility with deep, authentic fun, offering a unique multi-game universe. Moonveil has developed a Web3 ecosystem that includes flagship games like AstrArk, an immersive tower defense mobile game, and Bushwhack. The company leverages a ZK-powered Layer 2 chain built with Polygon CDK to enhance gaming experiences. Recently, Moonveil completed a Pre-Series A funding round, raising $9 million to support growth initiatives and experimental projects.
Website: https://moonveil.gg/
About Investor
Investor: The Spartan Group
Spartan Group is an investment firm focused on early-stage investments in the blockchain and crypto sectors. The firm supports projects that contribute to the future of decentralized technologies.
Location: Singapore
Website: https://spartangroup.io/
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