Thursday, September 29, 2022
HomeInsightFunding Alert CLoudFeather Games raises $1.25 mn in seed funding

[Funding alert] CLoudFeather Games raises $1.25 mn in seed funding

[Funding alert] CLoudFeather Games raises 1.25 mn in seed funding

Online gaming firm CloudFeather Games has raised $1.25 million in its seed funding round from Lumikai.

The round also saw participation from Venture Highway, Maninder Gulati, chief strategy officer of Oyo and Manish Agarwal, CEO of Nazara Technologies.

The startup plans to use the funds to hire key personnel in business development, product and technology as it aims to increase its developer outreach programs to both domestic and global game studios.

Read also –[Funding alert] SaaS startup LeadSquared join unicorn club with $153 mn in funding

The Bengaluru-based CloudFeather Games was founded in 2020 by Romi Chandra and Yash Chandra, It provides real-money gaming and WEB3 tools for game developers.

The startup aims to provide developers with built-in engagement and monetization in their games. The solution is a suite of full-stack competing formats (tooling kits) that will provide developers with a third pillar of monetization beyond in-app purchases (IAPs) and ads.

“Casual games do not have meaningful monetization avenues outside of Ads and IAPs. Given this, there is room for disruption by providing a novel monetization avenue which supercharges game engagement, without developers needing to re-design their existing game economies. We look forward to working with gaming leaders Lumikai and a curated group of strategic investors,” said, Romi Chandra, co-founder, CloudFeather Games.

“Romi and Yash have pioneered system architectures for RMG platforms serving tens of millions of users. Leveraging their unique technical expertise in this space, they’re building a suite of tools for any game developer to supercharge community retention and monetisation, while also providing new experiences for gamers,” said, Justin Shriram Keeling, founding general partner, Lumikai.

Read also – Gaming platform WinZO acquires Upskillz Games

Lumikai is India’s first dedicated gaming and interactive media venture capital firm and the fund is building India’s next generation of creative and talented founders.

Lumikai has backed many gaming startups including Bombay Play, Loco and Eloelo, and others.

About CloudFeather Games

CloudFeather is an online gaming firm founded amidst COVID-19 by industry’s top-notch game engineers. CloudFeather runs on a mission to uplift game developers and operators across the globe. They honor a purpose driven approach among our team mates to bring out the best real money games the world has ever seen.

Read also – [Funding alert] Silver jewellery firm GIVA raises funding in Series B round

They work closely with game studios, indie developers and game operators to enrich the RMG portfolio and promote a faster, wider and easier development.

They launched the world’s first Backend Real Money Game Engine and we aim to keep disrupting the industry with our quirky solutions.



Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

- Advertisment -

Also Read

- Advertisment -

Subscribe to our weekly newsletter and don't forget to check out the latest updates.