Gamefam Raises $25M to Bring Brands into the Metaverse

West Hollywood-dependent movie sport studio Gamefam has elevated a $25 million Series A spherical to fuel its organization of linking Roblox video game builders to brand names wanting to publicize to Technology Z audiences.

Konvoy Ventures, a VC company centered in Denver, led the round and was joined by investors Participate in Ventures, Makers Fund, Bessemer Venture Associates and Galaxy Interactive.

Since launching in 2019, Gamefam has launched a lot more than 30 stay online games on the well-liked Roblox platform, and now promises an audience of 6.5 million day by day users in the U.S. and 15 million globally. The studio claimed the new funding has assisted expand its headcount to more than 100 employees.

A key component of Gamefam’s design is letting major organizations like Disney and Mattel, as properly as much larger activity publishers like Sony and Ubisoft, to integrate their brands into marketing experiences that healthy inside of a game. These so-known as “custom branded experiences” are becoming additional popular in the gaming globe, especially as platforms like Roblox guarantee a much more immersive metaverse working experience for consumers.

Branded activities in online video games also are likely to concentration less on the common, hardcore gaming group and more on a broader standard viewers drawn to digital enjoyment encounters. Audio activities, in distinct, have confirmed particularly feasible rapper Travis Scott’s dwell digital concert in “Fortnite” arrived at about 12 million viewers, while a Roblox overall performance by rapper Lil Nas X drew 36 million attendees. Sony’s audio division inked a offer with Roblox previous yr to carry a lot more of its artists onto the system.

Gamefam CEO Joe Ferencz noted that despite the fact that the firm will make revenue from model partnerships, it is continue to centered on serving specific creators on the lookout to publish video games on 3rd-party platforms like Roblox.

“Gamefam is a enterprise started by creators to assistance creators,” Ferencz claimed in a statement. “We have been capable to provide collectively industry experts from AAA gaming as perfectly as some of Roblox’s major native talent to travel thriving revenue expansion for our games, create possibilities for makes, and make new franchises.”