Kooply, a metaverse gaming platform that allows users to express themselves creatively through mobile games and experiences, has raised $18 million in seed funding from TPY Capital, Microsoft’s M12 Venture Fund, and Playtika. Aleph Venture Partners, Entrée Capital, Glilot Capital Partners, and Samsung Next, all based in the United States, are among the other investors.
“Kooply exemplifies what TPY Capital looks for in a startup: an ambitious, yet grounded team with a shared entrepreneurial background and a close understanding of the issues faced by mobile developers.”
Kooply’s concept is around building a game development platform that brings together gamers, designers, and developers in a mobile-centric community, though the business isn’t sharing all of the details of its product just yet. Kooply will enable creators to create the games they desire and attract the audiences they deserve by rethinking game development, distribution, and monetization.
“The value of games as social interactions, a basic element of our platform, has been reinforced in recent years,” stated Ido Yablonka, co-founder and CEO of Kooply. “We want to foster a global community of connected creators that create unique and entertaining mobile games. We are well positioned to release Kooply in 2022 and let artists engage with gamers across a wide range of options that are just not available now, thanks to the support and partnership of some of the major game, console, and mobile device manufacturers.”
“We believe Kooply has the potential to build a new category of games with hundreds of millions of users,” M12 partner Irad Dor stated. “Kooply is a fast-growing market that has been impacted by technology advancements in mobile networks, devices, and consumer behavior. Kooply understands how to meet users where they are with engaging content that keeps them engaged. As the metaverse takes root and customers seek new experiences, the ability to innovate for the mobile-first domain will become increasingly valuable.”
For MetaNews.