Fungies.io, a Palo, Alto, CA-based no-code SaaS platform for the gaming industry, closed an $850,000 pre-seed funding round.
Notable investors in the round include firms Depo Ventures, Czechfounders.VC, Necto Labs, CV VC, Outlier Ventures, Tatum, and StartupYard.
Fungies.io is a no-code SaaS platform to allow indie gaming studios to set up their own customizable Web Storefront in minutes.
The platform provides customization options, extensive templates, and seamless integration with payment methods like Stripe to maximize game studios' profits and reduce costs. Fungies.io also enables studios to manage their communities and access critical customer data, facilitating upselling and marketing of new games to existing players.
The startup plans to expand its services to support mobile game studios in selling in-game items, assets, and currencies through their Web Shops, tapping into the potential of this market.
"We firmly believe that gaming commerce will continue to soar in value in the coming years, given that players already spend hundreds of billions of dollars annually on in-game items and assets, both Web2 and Web3. Our mission is to equip game studios with the essential tools to self-publish directly to their players," stated Duke Vu, CEO of Fungies.io.
The company aims to launch its platform by the end of September 2023 and onboard 2,000 game developers and publishers within the next 12 months. Plans include extending its services to support mobile game studios in selling in-game items, assets, and currencies through their Web Shops.
Company: Fungies, Inc.
Raised: $850K
Round: Pre-Seed Round
Funding Month: August 2023
Lead Investors:
Additional Investors: Depo Ventures, Czechfounders.VC, Necto Labs, CV VC, Outlier Ventures, Tatum, and StartupYard
Company Website: https://fungies.io/
Software Category: Gaming Commerce Platform
About the Company: Fungies.io is a groundbreaking gaming commerce platform empowering game studios to establish their Web Shops, enabling direct game sales to players without intermediaries. With a focus on customization, seamless integrations, and eliminating excessive commissions, Fungies.io is revolutionizing the self-publishing experience for game developers and publishers worldwide.Fungies.io is revolutionizing the self-publishing experience for game developers and publishers worldwide. Currently based in Poland, Fungies.io is incorporated in the US with an office in Palo Alto, California.
Source: https://www.businesswire.com/news/home/20230726565745/en/