UnCaged Studios Secures $24 Million in Series A Funding
Written with artificial intelligence.
Israeli gaming startup UnCaged Studios, known for the AAA Solana game MonkeyLeague, has raised $24 million in a Series A funding round. The investment, led by notable gaming investors, will enhance the studio's platform and support future game development.
Funding Overview
UnCaged Studios has successfully raised $24 million in a Series A equity funding round. This investment includes backing from prominent names in the gaming industry such as Griffin Gaming Partners, Vgames, Maverick Ventures Israel, Drive by DraftKings, and 6th Man Ventures. This funding follows a previous $4 million token presale for their flagship game, MonkeyLeague.
Game OS and Development Plans
The studio's primary release, MonkeyLeague, is built on its proprietary platform, Game OS. This platform not only supports the esports franchise but also assists other game studios by providing essential infrastructure and technical services. Game OS is designed to facilitate both Web3-native studios and traditional Web2 developers entering the crypto gaming space by managing Web3-specific functionalities like user management and token custody.
Leadership and Future Goals
UnCaged is led by brothers Raz and Tal Friedman, with Raz serving as Chief Product Officer and Tal as General Manager. The company’s chairman, Shahaf Bar-Geffen, is the former CEO of COTI. Raz Friedman expressed that securing this funding amidst challenging market conditions is a testament to the capabilities of their team. The funds will be utilized to further develop MonkeyLeague and enhance the infrastructure for Web3 gaming.