NFT game studio Vulcan Forged raises $8M in Series A funding

The studio will use the funding to speed up its growth and scale operations in NA.
A blacksmith forging an item, with Vulcan and SkyBridge logos on the top right corner

The blockchain and NFT-focused video game studio Vulcan Forged has secured $8 million in Series A funding led by SkyBridge Capital. The venture capital has the option to invest an additional $33 million.

Related: Ruckus Games raises $5.5M in seed round

Vulcan Forged aims to use this funding to further the growth of its metaverse-as-a-service engine MetaScapes and scale the operations in North America as well as key markets the company already operates.

The gaming studio pushed out several Web3 games in the recent past, some of them being Berserk, Forge Arena and VulcanVerse, however, they’re currently heavily concentrated on MetaScapes, which allows users to design and build their own metaverse spaces and store the data in an NFT.

Jamie Thomson, Founder and CEO of Vulcan Forged says their product saw rapid organic growth over the last two years and their headcount grew to over 130 people from just two workers. During this time, MetaScapes acquired over 200,000 users across 15 games. Thomson said:

“As we look to expand into new markets like North America and open our office in New York City, we believe that now is the perfect time to capitalize on our momentum with a strategic investment from Anthony Scaramucci and his team at SkyBridge Capital.”

Anthony Scaramucci, Founder and Managing Partner at SkyBridge Capital also commented:

“Jamie is a brilliant entrepreneur and has impressed me as he bootstrapped Vulcan Forged from a small startup to a top 10 metaverse project in the last two years, with a strong commitment to their growing community.

“Vulcan Forged and their MetaScapes engine are well-positioned to completely disrupt the legacy gaming and entertainment industries and we are excited to help take them to the next level.”

The studio’s main goal with this product is to compete with Mojang’s Minecraft in the long run.

NEXT: No-code game maker Sceneri raises $1.5M in funding

Stay informed in 5 minutes

7K+ game industry stakeholders are getting our newsletter every week.

    We won't send you spam. Unsubscribe at any time.

    Leave a Reply

    Your email address will not be published.

    Related Posts