Planetarium Labs Raises $32M in Series A Funding

Web3 game technology company Planetarium Labs, based in Singapore, has raised $32 million in Series A funding, led by Animoca Brands. Other investors in the round included Samsung Next, WeMade, a South Korean video game developer, and Krust Universe, the investment arm of Korean digital giant Kakao. Co-founder and co-CEO Kijun Seo told that this is the equity round of Planetarium Labs’ first fundraising effort. According to Seo, the company began gathering money earlier this year and finished the round last month. We are excited to announce that Planetarium Labs has closed its Series A with @animocabrands, Kakao/Krust, Wemade/@WemixNetwork, @SamsungNext to lay the groundwork for a generation of Web3 games powered and governed by the community.https://t.co/82QtzPoGHs — Planetarium (@planetariumhq) July 7, 2022 According to Seo, Planetarium Labs, founded in 2018 and bootstrapped up to this point, offers “A-Z tools” for creating decentralized games. Web3 game studios can take advantage of services like incubation, technology assistance, and publication support with a community-centric primary focus. “Instead of just adding elements of play-to-earn or non-fungible tokens (NFTs) into games, we reimagine community-driven content and provide powerful tools for studios to deeply engage with their players and investors,” said Seo. Libplanet – Open Source Blockchain Network Nine Chronicles, developed by South Korean gaming studio Nine C...