The Web3 technology platform Nefta announced on its website a $5 million seed round led by Play Ventures. This latest round of funding follows an initial investment of $1 Million from Picus Capital in June 2022.
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Play Ventures invested $2.5 million, the single largest investment from its Future Fund, an early-stage investment initiative. Additional investors include SevenX Ventures, Sfermion, MZ, Polygon Ventures, and reinvestment from Picus Capital.
Geeshan Willink, Founder of Nefta, said:
“Play Ventures has one of the best portfolios in the world for gaming and Web3. Receiving one of the largest investments from its Future Fund demonstrates its conviction in our team, products, and vision. With their support, we can power the next evolution of game economies, showcasing the benefits of blockchain to help our partners build, grow and scale Web3 ecosystems.”
Kenrick Drijkoningen, GP of Play Ventures, said:
“We’ve seen outstanding progress from Nefta since their inception in 2022. They’ve grown rapidly, and their Web3 end-to-end building and scaling platform has already generated huge industry interest. Nefta was a natural investment choice for us, and their toolbox will be an invaluable support to other members within the Play Ventures community.”
Founded in 2022, Nefta has rapidly expanded in the Web3 space, offering a complete end-to-end solution for companies looking to build, launch and grow high-quality Web3 games. The team, made up of ex-GooglePlay, Adcolony, Outfit7, Admix, and Metanomic employees, has a wealth of industry experience, providing the skills and knowledge to handle the complexities of Web3, leaving its partners free to focus on building great products.
