Moonveil announced the financing round today, which was led by Gumi Cryptos Capital and Arcane Group.
Moonveil Entertainment, a Cayman Islands-based web3 game studio, secured $5.4 million in a seed funding round from investors led by Gumi Cryptos Capital and Arcane Group.
Moonveil, whose leadership team is made up of industry veterans formerly with Riot Games and Tencent, is currently developing Astrark, an immersive tower defense mobile game, and Project B, a multiplayer strategy game. It was set up in the fourth quarter of 2022 and has operated in stealth mode until today, the company told The Block.
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