The gaming-focused infrastructure startup Nefta has raised $5 million in seed funding, The Block reports.
The round was led by Play Ventures, which invested the largest amount — $2.5 million. Other participants included Polygon Ventures, SevenX Ventures, Sfermion and Picus Capital.
Investors valued the startup at $32.5 million. This figure, according to Nefta CEO Gishana Villinka, has climbed 225% over the past eight months. In June the project raised $1 million in pre-seed funding at a $10 million valuation.
Founded last year, the startup provides companies with tools to enter and grow in Web3-space: API, development tools and other solutions that help integrate digital assets, multi-chain wallets and marketplaces.
“Over the past 12 months, we have seen strong demand for our products,” emphasised Villinka.
He added that, under the terms of the deal, Play Ventures’ managing partner Kenrick Dreykoningen will join Nefta’s board of directors.
Earlier, the Swiss infrastructure startup Taurus raised $65 million to develop institutional solutions.