logo
logo

Yahaha Studios, A Platform For Building No-Code, Immersive Games, Raised $50M In 3 Rounds Ahead Of Its Launch This Year

Jan 13, 2022•over 3 years ago

Amount Raised

$50 Million

EspooMobileSoftware

Description

The success of Roblox and other user-created gaming experiences like Overwolf have democratized the concept of making games and have taken it into the mainstream. Now, a startup founded by veterans from Unity, Microsoft and EA that is building a new platform for creators to build immersive games, and related communities around like-minded people, is gearing up to launch later this year. Ahead of that, it is disclosing a healthy $50 million in funding.

Company Information

Company

Yahaha Studios

Location

Espoo, Etelä-Suomi, Finland

About

Now, a startup founded by veterans from Unity, Microsoft and EA that is building a new platform for creators to build immersive games, and related communities around like-minded people, is gearing up to launch later this year. The company tells me that “round 1” was led by 5Y Capital; “round 2” was led by HillHouse, and “round 3” was led by Coatue. The company tells me that an alpha version of the product will be launching in Q2 of this year. The company has confirmed that the Yahaha platform was built in partnership with Unity, a link that in turn will help onboard more creators and more cross-platform gameplay and communities. Yahaha Studios, an Espoo, Finland-based startup with R&D based in Shanghai, has yet to launch a commercial product. “Yahaha Studios has a key part to play in ushering in the next generation of entertainment as the metaverse continues to grow.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech