Spain-based Web3 gaming distribution platform Elixir Games announced the close of its seed funding round, raising $14 million. The investment will fund the development of a comprehensive global gaming ecosystem that will launch later this year. The additional funding will also support the launch of the $ELIX token, which will power Elixir Games products, as well as the Launchpad & Incubation Program, which will also arrive in 2024.
Investors in the Seed round include Square Enix, the Solana Foundation, and Shima Capital, among other private entities. The funding round was extended to allow additional investors to back Elixir and the company’s roadmap for the new ecosystem. Participants in the funding round were particularly interested in supporting the Launchpad & Incubation Program, a support program for web3 gaming developers that will provide a streamlined launch process for games under the Elixir portfolio.
“Today marks a growth moment for Elixir Games, fueling our mission to revolutionize the global gaming ecosystem,” said Carlos Roldan, CEO of Elixir Games. “This achievement reflects our commitment to innovation, unity, and excellence in web3 gaming. As we embark on this journey, our focus is on fostering a community with our infrastructure that leads to groundbreaking gaming experiences.”
Elixir Games has continued to grow and innovate in the web3 gaming space since its start in 2020, garnering recognition for its flagship product, the Launcher platform, which currently hosts over 130 different games and has already exceeded 500,000 registered unique users. The company further expanded its presence in the game industry late last year with the acquisition of LitLab Games, the Spanish gaming studio behind the incredibly popular auto-chess title CyberTitans.
