Metaverse News

Yahaha Studios Raises $50M, Total Funding Hits $80M

Yahaha Studios recently announced a significant investment of 50 million dollars, bringing its total funding to date to over 80 million dollars.

The specifics regarding the firms participating in this latest funding round have not been revealed.

In previous discussions about investments in startups within the metaverse realm, a concept that gained prominence in 2021, Yahaha Studios emerged as a notable player.This recent investment underscores its growing influence in the metaverse platform sector.

Yahaha Studios Raises $50M, Total Funding Hits $80M

Yahaha Studios, established in Helsinki in 2020 by founders Chris Zhu, Hao Min, and Pengfei Zhang, stands out for providing a platform tailored to non-coders. This platform allows users to create their own games, operating as a metaverse platform where game development and content creation are possible without requiring coding expertise.

The games crafted by users on Yahaha Studios’ platform are not only accessible within its metaverse, providing entertainment to others, but also offer a revenue generation opportunity for the creators.

Demonstrating significant potential and drawing increasing interest in the metaverse industry, Yahaha Studios has attracted investments from notable firms such as 5Y Capital, Hillhouse Capital Group, Coatue, Xiaomi, ZhenFund, Bertelsmann Asia Investments, and Bilibili.

The company is poised to launch its game development platform, tailored for its metaverse, in the first quarter of 2022. This upcoming launch is a crucial step towards democratizing game development, making it more accessible to a wider audience.

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