Nefta secures $5m in seed funding led by Play Ventures
Play Ventures led the seed round with a $2.5m contribution to help expand the Web3 gaming platform's team and market presence.
≈ £4.2M at $1 = £0.8303 on 17 Feb 2023
Nefta provides an end-to-end platform enabling game studios to build, launch and scale Web3 games using integrated tools and APIs.
Nefta has secured $5m in a seed funding round led by Play Ventures through its Future Fund, which contributed $2.5m. The capital injection also saw participation from earlier backer Picus Capital, alongside SevenX Ventures, Sfermion, MZ and Polygon Ventures.
The company will direct the new funds towards expanding its team, growing operations and increasing its market reach. This latest round follows a $1m investment raised from Picus Capital in June 2022.
Founded in 2022, Nefta offers a comprehensive suite of APIs and SDKs allowing developers to integrate blockchain features such as multi-chain wallets and custom marketplaces into their games.
From the founder
"Play Ventures has one of the best portfolios in the world for gaming and Web3. Receiving one of the largest investments from its Future Fund demonstrates their conviction in our team, products and vision. With their support, we’re able to power the next evolution of game economies, showcasing the benefits of blockchain to help our partners build, grow and scale Web3 ecosystems."
Geeshan Willink
Founder at Nefta
Investor perspective
"We’ve seen outstanding progress from Nefta since their inception in 2022. They’ve grown at a rapid pace, and their Web3 end-to-end building and scaling platform has already generated huge industry interest. Nefta was a natural investment choice for us, and their tool box will be an invaluable support to other members within the Play Ventures community."
Kenrick Drijkoningen
GP, Play Ventures
Use of funds
- 01Grow the team
- 02Expand into international markets
- 03Scale operations
