Nefta raises $1m from Picus Capital to scale its Web3 gaming platform
Picus Capital backed the early-stage round to help the startup expand its team and onboard more gaming studios.
≈ £821K at $1 = £0.8214 on 15 Jun 2022
Nefta provides an end-to-end platform enabling game studios to build, launch and scale Web3 games using integrated tools and APIs.
Web3 gaming technology platform Nefta has secured $1m in early-stage funding from Picus Capital. The capital will be used to expand the company team and onboard more gaming studios onto its development platform.
The investment arrives during a period of volatility in the wider crypto markets, demonstrating backing for the company infrastructure and growth strategy. Founded by industry veterans, Nefta supplies APIs and SDKs to help developers integrate tokens, NFTs, and custom marketplaces into their titles.
Picus Capital led the round, citing confidence in the potential for gaming to drive mainstream adoption of blockchain technology. The fresh funds will assist the startup in accelerating developer adoption and scaling its operations.
From the founder
"We’re delighted to announce the investment support from Picus Capital to further accelerate developer time-to-market and adoption of Web3 gaming."
Geeshan Willink
Founder at Nefta
Investor perspective
"We firmly believe that gaming represents one of the most promising and impactful gateways for users into the Web3 ecosystem. We are proud to back the Nefta team in their mission to provide gaming studios with easy-to-implement and robust infrastructure toolkits, and serve as a key driver for larger Web3 adoption."
Daniel Niklas
Investor, Picus
Use of funds
- 01Grow the team
- 02Accelerate go-to-market
