Supercell, the developer behind the popular game Clash of Clans, has invested in the web3 gaming startup Games for a Living (GFAL) as part of a $3.2M seed funding round. Other investors included venture capitalist Mitch Lasky and Heinrich Zetlmayer, among others.
GFAL has also raised $4.4M earlier in 2023 through a token offering, totaling $7.6M in funding for the year, and this latest investment will support the expansion of GFAL’s team and the development of new web3-based games.
The startup’s leadership team has experience with major game companies like King Entertainment, Activision Blizzard, and Electronic Arts.
Source: GFAL’s Elemental RaidersBuilding On GFAL’s Early Progress
Ilkka Paananen, CEO at Supercell, celebrated the partnership and shared, “I’ve had the pleasure of working together with the team earlier in my career. We are excited to be part of their journey and see all the great things they’ll achieve.”
Manel Sort, CEO at 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 confidence that Supercell, Mitch, and Heinrich have placed in GFAL. Working on a project alongside Trip and Ilkka, with whom I shared many thrilling 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 the 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 intends 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.