Gaming-focused Web3 Startup Nefta Raises $5M

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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.”