Gamefam, the developer of the world’s largest multiplayer online creation game Roblox, recently announced that the company has completed a $25 million Series A financing to further realize Roblox and Minecraft and other The development goal of the Metaverse Platform.
The round was led by Konvoy Ventures, with participation from Play Ventures, Makers Fund, Bessemer Venture Partners and Galaxy Interactive. Gamefam said the team has used the funding to expand its team to more than 100 people and hopes to forge partnerships with more brands on the user-generated content platform. In addition to developing and publishing games from its own IP, the company runs Minecraft servers and creates IP campaigns.
Josh Chapman, the managing partner of Konvoy Ventures, said that the metaverse gaming platform is a new media vertical for brands, and Gamefam is at the forefront of creating a mass-user platform that is profitable and will continue to provide entertainment and social experiences to millions of players. The team is excited to help Gamefam with its Series A funding round and will be with them in the future.