Shima Capital today announces its investment in Pixion Games, an innovative gaming studio. Shima Capital and founder Yida Gao were joined in the round by Avalanche Foundation’s Blizzard Fund, Eldridge, Merit Circle, ReadyPlayerDAO, VGC, Zee Prime, Mechanism Capital, GSR, Misfits Gaming, and others. The funds will go towards scaling the development of Pixion Games’ flagship game, Fableborne.
Fableborne is a mobile, action role-playing game that combines strategic base building with allowing players to gather blockchain-based in-game assets. Players of the game can also compete in Pixion League, the studio’s in-app tournament system. With the founders hailing from such companies as Konami, Gala Games, Ubisoft, and Sony, the project is set up for long term success.
“We love investing in a strong founding team, and the Pixion team already has a track record of more than half a decade of working well together,” said Yida Gao, Shima Capital’s Founder and Managing General Partner. “Once you add in their extensive experience developing and building multiplayer games that have been played by millions of users, this investment made a lot of sense for Shima Capital. We’re excited for Fableborne to be played by the masses.”
With the investment, Yida Gao continues his commitment to web3 gaming and the many opportunities it presents. To date, Shima Capital’s investment portfolio is made up of a large portion of gaming projects and remains an area of growth for the venture capital firm.