Azra Games raises $15million in seed funding to build its first game

The blockchain gaming startup has secured $15million in seed funding led by Andreessen Horowitz (a16z) to develop its first game called Project Arcanas.

May 20, 2022
by Michael
Azra Games raises $15million in seed funding to build its first game
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Azra Games has announced that it has raised $15million in seed funding round led by venture capital firm Andreessen Horowitz (a16z), with participation from NFX, Coinbase Ventures, Play Ventures, and Franklin Templeton to build its first game titled Project Arcanas.

Project Arcanas is a sci-fi fantasy epic with mass combat and role-playing game (RPG) elements based on web3 technology and it signals the company's entry into the blockchain gaming ecosystem.

Azra Games was founded by Mark Otero, the former general manager of the video game giant Electronic Arts (EA), notable for spearheading the prominent video game Star Wars: Galaxy of Heroes, which has grossed over $1 billion in revenue and remains EA’s top mobile game for over six years.

Commenting on Project Arcanas, Founder Mark Otero said:

“As a kid, I spent countless hours role-playing with all of my different toys. At Azra, we are making a game to recreate this joy, to re-engage adults’ imaginations once again with the ultimate collectibles fantasy, combined with the ultimate fast-paced mix-and-match combat that is accessible yet deeply strategic.”

The company is passionate about growing the blockchain gaming ecosystem and has acquired the services of gaming industry veterans from Capital games, among other noteworthy hires.

Concerning the investment, General partner at A16z Jonathan Lai said:

“CEO Mark Otero is a seasoned game director who was at the forefront of free-to-play mobile games with the hit franchise Star Wars: Galaxy of Heroes. We’re excited to partner with Mark and the Azra team as they apply their expertise to web3 games in creating new types of gameplays and economy design.”

This funding will surely be instrumental in helping Azra Games achieves its objectives.

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