- The Finnish game studio Social First has secured an additional $4.2 million in seed funding to support their upcoming social sandbox MMO.
- The company aims to create a game that will serve as a significant social platform for millions of players, enabling them to forge meaningful relationships within the virtual world.
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Social First has received the new funding round led by Crowberry Capital, a Nordic venture capital firm, along with initial pre-seed investor Play Ventures. Business Finland, the Finnish government’s innovation funding organization, has also contributed to this financing.
The funding will be allocated towards the development of their debut product, an innovative social sandbox MMO that aims to revolutionize the social gaming landscape. The game has already undergone testing with a substantial player base.
“Games are fast becoming leading social platforms and for many in the younger generations they are indeed that already.”
– Kim Soares, CEO
CEO Kim Soares, pictured alongside president Mikko Kähärä, emphasized the evolving role of games as essential social platforms for today’s youth.
“Our objective is to go beyond creating a mere social game; we aspire to establish a pivotal social platform for millions of players to foster valuable relationships,” Soares stated.
“In-depth Understanding of Social Games”
Hekla Arnardóttir, Founding Partner at Crowberry Capital, commended the Social First team’s expertise and commitment, citing their impressive performance during early releases as evidence of their profound understanding of social gaming.
The company, now consisting of 20 industry veterans from renowned studios like Ubisoft and Rovio, aims to launch the game in early access by the year’s end.
“We are thrilled to continue supporting Social First. Gaming is inherently social, playing an essential role in people’s social interactions,” said Harri Manninen, Founding Partner at Play Ventures. “Social First’s team has set ambitious goals for their game, garnering an enthusiastic community during early playtesting with promising results.”
