CDS Startups Empires Not Vampires Receives $1 Million in Initial Funding for Developing Paradise Tycoon
Startups

Empires Not Vampires Receives $1 Million in Initial Funding for Developing Paradise Tycoon

362
Empires Not Vampires Receives $1 Million in Initial Funding for Developing Paradise Tycoon

The company behind Paradise Tycoon, Empires Not Vampires, raised $1 million in seed round funding from different companies and angel investors.

Empires Not Vampires Receives $1 Million in Initial Funding for Developing Paradise Tycoon
Empires Not Vampires Receives $1 Million in Initial Funding for Developing Paradise Tycoon 1

Empires Not Vampires Receives $1 Million in Initial Funding for Developing Paradise Tycoon

Empires Not Vampires Receives $1 Million in Initial Funding for Developing Paradise Tycoon
Empires Not Vampires Receives $1 Million in Initial Funding for Developing Paradise Tycoon 2

The company behind Paradise Tycoon, Empires Not Vampires, was founded in 2017 by Co-Founders Harri Karppinen and Timo Juuti. Since its establishment it has developed into a close-knit group of 12 team members with over 70 years of collective involvement within the gaming industry. Most of teammates has been working together since the early days of the company.

Empires Not Vampires’ New Solutions for Game Development

Empires Not Vampires’ diverse skillsets enabled to approach game development from multiple angles, adding creativity and data-based decision-making to create truly engaging gaming experiences. All these actions helped to establish a strong foothold in the mobile gaming industry.

In 2021 the company made the choice to turn to blockchain innovation, certain in its capacity to bring the same level of greatness to the web3 gaming space.

“It was a perfect time for us to pivot into Blockchain games. The years of working together as a team refined our development workflow to a very efficient combination of data driven and creative process, something that we can take into blockchain games with high confidence” — Timo Juuti, Co-Founder

Hiring Web3 Experts

Empires Not Vampires Receives $1 Million in Initial Funding for Developing Paradise Tycoon
Empires Not Vampires Receives $1 Million in Initial Funding for Developing Paradise Tycoon 3

Although the company earlier developed and released a bunch of mobile games, raised pre-seed funding, and established a vast network of industry connections to collaborate with, it is clear that pivoting to a new market and developing a new game requires additional resources. Therefore, the company hired some of the web3 industry’s brightest minds and partners that will help to bring Paradise Tycoon to life on the blockchain.

“We’re extremely bullish on Paradise Tycoon and the entire Empires Not Vampires team. The core team has worked together for many years and have shown a true knack for creating engaging games in what we believe is a great genre for web3 gaming — the midcore.” Announced Yida Gao, Founder & Managing General Partner at Shima Capital.

In expansion to the counseling declared prior this year, the platform also raised a seed round funding in the Autumn of 2022. The initial seed funding round was led by Shima Capital. This round also received a huge support from several other notable venture capital funds including Zee Prime Capital, Fomocraft Ventures, FireX Capital, Devmons Gaming and Starter Capital.

“We believe in mass adoption of web3 games for hybrid casual and tycoon genres. But only the best games will lead the market. Paradise Tycoon has already proven the right direction by having a traction of 200K+ downloads, which is much more players than majority of web3 games were able to reach. However the potential and real fun begins in millions+ users. Paradise Tycoon has the team, skill, passion and experience to get there.” Said Obviously Obvious from Devmons Gaming.

As it was mentioned before, the seed round funding of Empires Not Vampires was supported by several venture capital funds. But it wasn’t the only support: seed round funding was also supported by various angel investors such as Mikko Ohtamaa from Trading Protocol, Kyn Chaturvedi from Minterest, and Gilgamesh and 0xKepler from Hiroba. Apart of funding, these industry leaders helped to navigate the complex world of blockchain gaming and to bring Paradise Tycoon to life with their valuable insights and advices.

The recent successful funding round for Paradise Tycoon has secured the next decisive steps in the game’s development. It seems that it has also paved the way for future fundraising, as the company continues its rapid growth and development.

Source

www.paradisetycoon.medium.com

Check out more of our latest news here

Written by
ali009

The author is 28 year old student recently graduated from Celal Bayar University, Faculty of Medicine. Currently he works as a writer and translator for different platforms.

Leave a comment

Leave a Reply

Related Articles

MicroStrategy Acquires 3,000 BTC Amid Bitcoin ETFs’ Impending Overtaking of Gold ETFs

MicroStrategy's recent Bitcoin acquisition aligns with forecasts suggesting that Bitcoin ETFs could...

USDe Developer Ethena Raises $14 Million in Strategic Investment Round

USDe developer Ethena said that with the latest funding, its valuation has...

Jupiter Crypto Exchange Unveils WEN through its Latest Token Launchpad

Jupiter Crypto exchange introduces WEN Token via new token launchpad.

Bitwise: First Spot Bitcoin ETF with Wallet Address Sharingv