October 15, 2024
Oxalis Games, a game development studio based in the UK, has secured $2 million in new funding to further develop its upcoming pixel art life-simulation RPG, Moonfrost. This funding round was co-led by L1D and Arete Capital, with additional support from Merit Circle, Selini Capital, EthLizards, and W3GG DAO. This follows a previous $4.5 million investment in June 2022 from top industry investors like Animoca Brands, Supercell, Pantera Capital, and Griffin Gaming Partners.
Project | Latest Raise | Latest Raise Date | Lead Investor | Category |
|---|---|---|---|---|
Oxalis Games | $2M | October 15, 2024 | L1D and Arete Capital | Gaming |
Since the earlier funding, Oxalis Games has made significant progress on Moonfrost, recently completing its third closed alpha test in July 2024. The next phase of testing is set for later in October, where up to 11,000 participants will try out the competitive Farm Royale mode, engaging in farming challenges to efficiently cultivate resources.
This new funding is a major milestone for Oxalis Games, bringing them closer to delivering a refined gaming experience. As they prepare for more alpha testing and public showcases, the studio continues to gain attention within the gaming community and beyond.
About Oxalis Games
Oxalis Games is an independent game development studio founded by industry veterans with experience from top companies like Epic, Mediatonic, and Ubisoft. They are focused on creating the next generation of life-simulation games. Their current project, Moonfrost, is a free-to-play, pixel art life-simulation RPG that combines farming, adventure, and social interactions. The studio aims to deliver engaging and immersive gaming experiences, leveraging their extensive background in game development.
Website: https://www.oxalis.games/
About Investor
This funding round was co-led by L1D and Arete Capital, with additional support from Merit Circle, Selini Capital, EthLizards, and W3GG DAO.
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
Comments