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Developer of Roblox video games Gamefam raises $25m in funding

IT24

ByIT24

Mar 24, 2022


Firm behind varied video games and model experiences says it has used the cash to develop its workforce previous 100 individuals

Gamefam at this time introduced that it has closed a $25 million Collection A funding spherical to additional its improvement ambitions on “metaverse platforms” like Roblox and Minecraft.

The funding was led by Konvoy Ventures with further participation from play Ventures, Makers Fund, Bessemer Enterprise Companions and Galaxy Interactive.

The studio mentioned it has already used the funding to develop its workforce to greater than 100 individuals, and is seeking to work with extra manufacturers in partnerships on user-generated content material platforms.

Based in 2019, Gamefam has constructed a catalog of video games on Roblox as developer or writer, together with All-Star Tower Protection, Tower of Distress, and Twilight Daycare, the final of which can see a bodily WowWee toy line launched in July.

The corporate additionally runs a handful of Minecraft servers and creates branded activations just like the 24kGoldn interactive live performance scheduled for this Friday in Roblox.

“Metaverse gaming platforms are a brand new media vertical for manufacturers,” mentioned Konvoy Ventures managing associate Josh Chapman.

“Gamefam is on the forefront of constructing and monetizing mass audiences as they proceed to ship entertaining and social experiences for hundreds of thousands of gamers. We’re thrilled to guide their Collection A spherical and be of their nook for this journey.”



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