Pixion Games, the studio behind Fableborne, secures $5.5 million in funding to fast-track its development.
Mostafa Salem
Head of Gaming Research
Pixion Games, a leading gaming studio with a team of seasoned professionals at its helm, has successfully completed a $5.5 million funding round. This capital injection will provide a significant boost to the development of the studio's flagship game, Fableborne, a strategic action role-playing game (RPG) that integrates on-chain in-game assets.
Fableborne offers players an immersive gaming experience that combines strategic base building and raiding opponents with a vibrant, lore-rich world. The game also allows players to upgrade their buildings and Heroes. With the newly acquired funding and continued backing from its investors, Pixion Games is poised to make remarkable progress in the game's development. This includes the rollout of Pixion League, the in-app tournament platform, and a significant enhancement of LiveOps for free-to-play games.
Kam Punia, Founder and CEO of Pixion Games
The funding round saw contributions from a diverse group of investors, including big names like Blizzard, Shima Capital, Eldridge, Merit Circle, ReadyPlayerDAO, VGC, Zee Prime, Mechanism Capital, GSR, Avalaunch, and Misfits Gaming. Pixion Games has cultivated these investor relationships carefully, aligning with partners committed to long-term, sustainable growth.
Armed with extensive experience in developing multiplayer experiences for a vast audience and a unique approach to game development, Pixion Games is prepared to make its mark on the web3 gaming industry. Its proprietary tournament platform and data-informed strategy set it apart from the many web3 games that focus on single project development. Pixion Games carefully integrates on-chain elements that enhance social play, user-generated content (UGC), and tradable in-game assets, adding value without compromising the core gameplay experience.
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updated:
September 6th 2023
posted:
June 27th 2023