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GFAL Raises $3.2 Million For Web3 IPs

GFAL secures $3.2 million in seed investment, bringing total funding to $7.6 million. Notable investors include Supercell and Mitch Lasky. Learn more about their upcoming games.

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Eliza Crichton-Stuart

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GFAL Raises $3.2 Million For Web3 IPs

GFAL, known as Games for a Living, just announced a significant seed investment of $3.2 million, bringing its total funding to $7.6 million. The funding round, which included industry giant Supercell and renowned venture capitalist Mitch Lasky, will support GFAL's upcoming RPG Elemental Raiders and other web3 projects. 

In this article, we will cover everything you need to know about the latest funding round and how Barcelona-based GFAL has already successfully soft-launched its blockchain mobile game Elemental Raiders.

Over $7 Million In Funding

Barcelona-based game developer GFAL (Games for a Living) has reached a significant milestone, securing a seed investment of $3.2 million. This injection of capital brings GFAL's total funding to date to an impressive $7.6 million. The company's ascent in the gaming industry has been bolstered by a previous $4.4 million garnered from pre-sales when it introduced its $GFAL token in March 2023.

This latest funding round has attracted attention from notable investors, including Finnish mobile game giant Supercell, renowned venture capitalist Mitch Lasky from Benchmark Capital, and Heinrich Zetlmayer, former Managing Director of ESL. The backing from these industry veterans underscores the potential they see in GFAL's vision and projects.

GFAL Raises $3.2 Million For Web3 IPs

Expressing enthusiasm for the partnership, Supercell CEO Ilkka Paananen stated, "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."

Web3 Gaming IPs

GFAL is currently hard at work on several exciting gaming ventures, with its flagship title being the RPG Elemental Raiders. This game has undergone extensive soft launch testing on both mobile and PC platforms over the past year, generating anticipation among gaming enthusiasts.

Additionally, GFAL is diversifying its portfolio with titles such as the mobile match-3 game Diamond Dreams. The company is also collaborating with external studios to bring forth innovative gaming experiences, including the casual jumper Jump Pump, sports RPG Soccer Legends, and strategy title Dead Zombie.

GFAL Raises $3.2 Million For Web3 IPs

Top Tier Team

Founded in 2021 by seasoned game industry professionals coming from renowned companies such as King, Activision Blizzard, EA, and Netflix, GFAL also boasts executives with ties to pioneering mobile publisher Digital Chocolate. GFAL's CEO Manel Sort and Supercell's CEO Ilkka Paananen previously worked together at Digital Chocolate, alongside GFAL's CSO Trip Hawkins, who served as its CEO.

Manel Sort commented, stating: "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."

GFAL Raises $3.2 Million For Web3 IPs

For more information about GFAL and its upcoming gaming projects, interested individuals can visit the company's official website. With a robust funding base and a team of industry veterans at the helm, GFAL is poised to make waves in the web3 gaming space with its innovative and captivating IPs.


Investments

updated:

April 29th 2024

posted:

April 29th 2024

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