Helsinki, Finland:
YAHAHA Studios (‘YAHAHA’) the neighborhood focussed user-generated content material (UGC) metaverse, has right now introduced it has secured a Series A+ funding of USD 40M, because it prepares to take its platform to the subsequent stage. The new funding spherical was led by Temasek and Alibaba and contains funding from 37 Interactive Entertainment. The elevate can be used to additional develop the YAHAHA product, neighborhood, headcount and ecosystem. Since launching Early Alpha in April 2022, YAHAHA has seen over 100,000 creators flock to its platform on PC and macOS, with tons of of hundreds of gamers having fun with its UGC video games on the cellular app.
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YAHAHA Studios, the neighborhood focussed user-generated content material metaverse, secured a Series A+ funding of USD 40M, because it prepares to take its platform to the subsequent stage. (Graphic: Business Wire)
Dual-Headquartered in Finland and Shanghai, YAHAHA was based in 2020 by a gifted group of Unity veterans. The platform is on a mission to democratize 3D content material creation, serving to creatives of all ability ranges to make their very own video games, worlds and social areas. YAHAHA has instruments that make creating video games as straightforward as drag and drop, in addition to in depth, easy-to-use, tutorials. This funding follows a earlier Series A elevate of USD 50 million, taking complete funding secured by YAHAHA to nearly USD 100 million in two years.
YAHAHA has over 150 staff, with workplaces in Helsinki, Seoul, and Shanghai, with a world workforce. Following the new spherical of funding, it plans to lengthen its attain additional, with new hires and workplaces in native markets resembling the US and APAC. Extending its ecosystem, YAHAHA has plans to collaborate with manufacturers to convey new IPs into its metaverse.
Chris Zhu, CEO at YAHAHA mentioned, “We’ve seen fantastic growth in YAHAHA throughout the Early Alpha stage, and with over 100,000 creators signing up to make content with us, we are building on a strong foundation. This round of funding signifies the next step we are taking with YAHAHA – opening up more creator experiences monetization modules. We are also continuing to pioneer by investing in key areas of the community and by building relationships with brands that share our values, aligning ourselves with experts in the fields of game development, 3D asset creation and more.”
YAHAHA is the subsequent era of leisure, and out there to strive now. Visit yahaha.com and unleash your creativity.
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