Wednesday , June 29 2022

CloudFeather Games Raises $1.25 Mn Seed Funding

CloudFeather Games, a provider of next-generation plug & play real-money gaming and web3 tools for game developers, today announced its USD 1.25 million seed funding round led by Lumikai. Venture Highway and strategic angels including Maninder Gulati (Global Chief Strategy Officer, OYO) and Manish Agrawal (CEO, Nazara Technologies) also participated in the round.

CloudFeather Games has been building its unique developer SDK in stealth since January 2022 and has now started trials with external developers. The company will use the seed funding to make key hires in business development, product, and tech as it scales its developer outreach programs both for domestic and global game studios.

Commenting on the Seed round, Romi Chandra, Founder, CloudFeather Games, said, “Casual games do not have meaningful monetization avenues outside of Ads and IAPs. Given this, there is room for disruption by providing a novel monetization avenue that supercharges game engagement, without developers needing to re-design their existing game economies. Our first suite of features includes an innovative Bounty Hunting SDK which “democratises fame” for game communities, allowing anyone to create custom bounties around their in-game achievements for the community to beat. We’re excited to work with gaming leaders Lumikai and a curated group of strategic partner investors to bring Cloudfeather solutions to developers around the globe.”

Justin Shriram Keeling, Founding General Partner, Lumikai added, “Romi and Yash have pioneered massive-scale system architectures for RMG platforms serving tens of millions of users. Leveraging their unique technical expertise in this space, they’re building a suite of competitive tools for any game developer to supercharge community retention and monetisation, while also providing innovative and fun new experiences for gamers.”

Priya Mohan, Partner, Venture Highway said, “When I first met Romi and Yash, I saw a couple of incredibly talented and intellectually honest folks seeking to solve the issues of “engagement and monetisation” for game developers’ in a very first principles approach! Like with the case of dev tools and its growing importance, gaming focused tools has its own nuance and the founders’ prior domain experience adds to the strong founder-market fit. The increasing volumes of games and gamers only makes the case for deep engagement & interactivity stronger, the solution for which can be the “tools-in-a-box” that Cloudfeather is building!”

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