Super cellthe developer behind the popular game Clash of Clans, has invested in the web3 gaming startup Games for a living (GFAL) as part of a $3.2 million seed funding round. Other investors included venture capitalist Mitch Lasky and Heinrich Zetlmayer.
GFAL also raised $4.4 million through a token offering earlier in 2023, totaling $7.6 million in funding for the year, and this latest investment will see the expansion of the GFAL team and the development of new web3-based games to support.
The startup’s leadership team has experience with major gaming companies such as King Entertainment, Activision Blizzard and Electronic Arts.
Source: GFAL Elementary RaidersBuilding on GFAL’s early progress
Ilkka Paananen, CEO of Supercell, celebrated the partnership, saying: “I had the pleasure of working with the team earlier in my career. We are excited to be part of their journey and see all the great things they will achieve.”
Manel Sort, CEO of GFAL, also expressed his gratitude for the recent funding and mentioned plans to use it to grow the company. “We are incredibly grateful for the trust that Supercell, Mitch and Heinrich have placed in GFAL. Working on a project together with Trip and Ilkka, with whom I shared many exciting and successful years at Digital Chocolate, is a dream come true, and I can’t wait to show the world the high caliber of games we are building” , he added. .
GFAL’s recent success with mobile game Elemental Raiders – a free-to-play turn-based hero battler with NFT elements – has helped establish the company’s reputation in web3 gaming and the team plans to use the new capital to build on this early progress.
Other participants in the funding round include Bonduc Bioscience SL, BCNBCNLVC and David Fernandez, CEO of Sandsoft.