SuperGaming, an Indian gaming studio, has announced the raising of $15 million in a Series B funding round, aimed at developing its Web3 projects and establishing GameChain.
Funding and Investors
Investors in the funding round include Skycatcher, Steadview Capital, Speedrun, 32Bit Ventures, GFR Fund, and 1UpFund, along with other undisclosed backers. Ed Fries, co-founder of Xbox and General Partner at 1UpFund, stated, "We’re backing SuperGaming not just for what they’re building, but because they’re already delivering."
Establishing SUP Foundation and GameChain Expansion
Recently, SuperGaming launched the SUP Foundation, which will oversee the company's transition to Web3. GameChain, designed as a dedicated blockchain for SuperGaming titles and user-owned game assets, will play a critical role in this transformation. The foundation's first campaign, the Lotus Vault NFT mint, is scheduled for mid-August.
Global Strategy and Emerging Markets
The new capital will fund multiple product launches in various regions targeting mobile players. India’s mobile gaming market is projected to reach $9.2 billion by 2029, supporting SuperGaming's strategy to integrate player asset ownership and deeper value creation.
The $15 million raised will help SuperGaming strengthen its position in the growing Indian gaming market and advance its ambitious Web3 projects.
