Gaming-focused infrastructure startup Nefta has recently raised $5 million in seed funding.
The round, which was led by Play Ventures (it has invested $ 2.5 million), has also seen the participation of Polygon Ventures, SevenX Ventures, Sfermion and Picus Capital.
Investors have valued the startup at $32.5 million. According to Nefta CEO Geeshan Willink, this figure has grown by 225% over the past eight months. In June, the project raised $1 million in pre-seed investment at a $10 million valuation.
The startup, which was founded in 2022, provides companies with tools to enter and grow in the Web3 space: APIs, development tools, and other solutions that help integrate digital assets, multi-chain wallets, and marketplaces.
The company CEO has said:
“We have seen significant demand for our products over the past 12 months.”