News

Soba raises $13.6 million in seed round to help gamers make games

User-generated content platform now in closed Alpha

Date Type Companies involved Size
June 30th, 2022 investment Lightspeed Venture Partners
Soba
$13.6m
Soba raises $13.6 million in seed round to help gamers make games

Germany-based Soba has announced the raising of $13.6 million in a seed round that will be used to bolster its Web3 user-generated content platform.

The round was led by Lightspeed Ventures with other investing partners coming from FTX, Cherry, and P9. Angel investors from the gaming and crypto spaces were also involved.

Getting creative

An open-world games platform that has now launched its closed alpha, Soba aims to be a place where any user can build games for mobile and PC. It's no-code platform offers multiplayer and a create-to-earn economy.

Soba co-founder and CEO Juha Paananen noted how many people play games worldwide, compared to the small number of developers. The goal is to inspire more gamers to become creators. "We want there to be more creators than just consumers," he said.

A product manager, game designer, engineers and interns are currently being sought by Soba as the company continues to make hires.

CloudFeather Games recently announced a Lumikai-led Seed Round wherein $1.25 million was raised, so that the company may make key hires and scale its outreach.

"I’m happy to announce our support for Soba, an open-world Web3 platform where people can create games for any device using easy no-code tools," said Lightspeed partner Paul Murphy.

"Our investment in the Berlin-based company is also another example of our increased commitment to the European market."

At the start of the month, Axie Infinity developer Sky Mavis unveiled the first projects of its Builders Program, designed so that players can monetise their own creations.


Staff Writer

Aaron is the Staff Writer at PG.biz and has long enjoyed a good turn-based strategy game. He has spent many more hours playing Fire Emblem Heroes than he cares to admit.