{"id":1742,"date":"2022-12-15T08:00:55","date_gmt":"2022-12-15T08:00:55","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2022\/12\/15\/dogami-raises-a-total-of-14m-in-seed-funding-to-develop-first-web3-mobile-game-nft-news-today\/"},"modified":"2022-12-15T08:00:55","modified_gmt":"2022-12-15T08:00:55","slug":"dogami-raises-a-total-of-14m-in-seed-funding-to-develop-first-web3-mobile-game-nft-news-today","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2022\/12\/15\/dogami-raises-a-total-of-14m-in-seed-funding-to-develop-first-web3-mobile-game-nft-news-today\/","title":{"rendered":"DOGAM\u00cd Raises a Total of $14M in Seed Funding to Develop First Web3 Mobile Game – NFT News Today"},"content":{"rendered":"

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DOGAM\u00cd<\/a>, a Web3 game featuring companion pets, raised $7M in a seed funding round led by Berlin and Paris-based VC firm XAnge. The investment round also included Bpifrance,\u00a0a French investment bank<\/em>, Wagram Capital, and Blockchain Founders Fund.\u00a0<\/p>\n

The $7M seed funding follows an initial round of $6M that took place in January 2022 in which Ubisoft, Animoca Brands, The Sandbox co-founders, Draper Goren Holm, Tezos, GSR, and other strategic investors backed DOGAM\u00cd. The game company secured a total of $14M in funding with these rounds.\u00a0<\/p>\n

Following the seed funding, Max St\u00f6ckl, Co-founder and CEO of DOGAM\u00cd, said, \u201cWith DOGAM\u00cd, we aspire to lead the industry in developing a scalable entertainment experience that transcends the Web3 space. We believe that our approach of combining an engaged community, compelling storytelling and true digital ownership is a crucial pillar of our early successes and we continue to capitalize on that. We are particularly happy to receive support from highly legitimate European investors like XAnge and Bpifrance which is an important signal for the Web3 gaming space as a whole.\u201d<\/em><\/p>\n

DOGAM\u00cd used the initial funding to release NFT collection, build a community, and develop mobile app.\u00a0<\/strong><\/h2>\n

The initial investment had enabled DOGAM\u00cd to release an NFT collection that features\u00a012,000 dog avatars<\/a>\u00a0<\/strong>and launch a mobile application that allows users to play with their virtual pets. Moreover, the game company built a community of over 200,000 members \u2013 Dogamers \u2013 in less than a year.\u00a0<\/p>\n

Guillaume Simonaire, Principal at Bpifrance, commented,\u00a0<\/strong>\u201cBpifrance is delighted to support DOGAM\u00cd, an emblematic player in the Web3 ecosystem, in its next stage of development. This transaction is fully in line with our ambition to support and accelerate the French creative industries through our \u201cFrench Touch\u201d plan. In less than a year, the teams have built a powerful and committed community of over 200,000 people paving the way for a global IP. What\u2019s next promises to be exciting<\/em>!<\/p>\n

Furthermore, the team has recently released a mobile app. It\u2019s called DOGA House, and it enables Dogamers to discover and interact with NFT canines. DOGA House is popular among community members: 70% of eligible users play it daily. Adrien Magdelaine, Co-founder & Chief Operating Officer of DOGAM\u00cd, noted,\u00a0\u201cOur team has performed extremely well in developing a relatable product that appeals to a broad audience. Consequently, this enabled us to grow our community organically to more than 200,000 members who share a passion for dogs and the DOGAM\u00cd brand. We believe that this is a very strong foundation for the next years to come.\u201d\u00a0<\/em><\/p>\n

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