Participated · Equity · Jul 2022

Mighty Bear Games is a Singapore-based studio building mobile-first, multi-platform games led by CEO Simon Davis. The studio has rapidly established itself as a partner for leading IPs and platform owners with titles including Butter Royale and Disney Melee Mania. It is expanding into web3 with its first blockchain game, Mighty Action Heroes, a multiplayer third-person battle royale slated for release later this year. Mighty Action Heroes will be powered by Polygon, and the studio plans to release an NFT PFP collection this summer tied to early access and in-game rewards. The company raised $10M in funding to accelerate growth and expand operations. Polygon will also provide funding, marketing, technical advice, strategy and ecosystem support for the web3 title. Mighty Bear is a Singapore-based game studio preparing its debut smartphone title. The startup was founded by four former King.com staffers and its 18-person team includes veterans from Ubisoft, EA, Lucasarts, Disney and Gameloft. Its first game is an MMORPG currently being soft-tested for scalability among users in India and the Philippines, with a full iOS and Android launch planned later this year. The studio intends to launch a second title as well and manage both games concurrently, aiming to streamline large desktop experiences into five-minute play sessions for a broader audience. As part of R&D, Mighty Bear creates videos and advertising for mock games to test user engagement and refine concepts before soft launch. Financially, the company previously raised $775,000 in a pre-seed round in early 2017 and has now secured a new seven-figure financing of roughly $2.5 million. Mighty Bear Games is a Singapore-based studio founded by four former King.com/Non Stop Games employees: Simon Davis, Fadzuli Said, Benjamin Chevalier and Saurabh Shukul. The eight-person team has more than 50 years of combined game-development experience and is based at Pixel Studios, a government-backed initiative. The studio is developing its first release, a mobile role-playing game, with plans to launch in test markets before the end of the year. Mighty Bear intends to focus on mobile titles and targets Western gamers while remaining headquartered in Singapore. The company formed after King.com closed its Singapore office following Activision’s acquisition, and the founders saw the closure as an opportunity to start anew. The team cites Singapore’s talent pool, regional access and government support as reasons to stay.

Participated · Seed · Jun 2022

Chillchat is a casual social metaverse powered by a Pixel Editor, World Builder and the Solana blockchain that lets players create and mint Worlds, Characters, Items and Pets. The platform emphasizes user-generated content and a "Create2Earn" model that enables creators to monetize assets as NFTs. Chillchat plans to launch a web platform later in the year to allow players to create new Characters, Worlds and experiences, followed by an IDO on Raydium and an IEO on a to-be-confirmed exchange. Additional roadmap features include real-time NFT trading in‑metaverse, multiplayer adventures with Pets, custom Tilesets, NFT stores/museums, and tools to turn Worlds into playable games. The company has generated secondary-market activity for its Origins NFTs (1,000 of 1,500 minted in a public sale), with a current floor price at 22 SOL (~US$880), a top secondary sale at 120 SOL (~US$4,800) and total Origins sales volume of 42,856 SOL (~US$1.7M). Chillchat continues weekly Origins auctions and ongoing feature development to scale creator onboarding and tokenomics.

Participated · Seed · Apr 2022

MetaLend operates an NFT-backed lending protocol that lets traders use NFTs as collateral to borrow in ETH. After MetaLend appraises a digital asset, borrowers can access up to 30% of the NFT's value, while lenders supply liquidity to earn interest. APY is determined by pool utilization and is anticipated in the 5–10% range. The company’s initial focus is the GameFi sector, starting with Axie Infinity and partnerships with game guilds and scholar programs. MetaLend aims to expand to other games and NFT use cases so owners can generate yield while assets remain collateralized. It is currently in closed beta with a public launch planned for Q2.

Participated · Equity · Mar 2022

rct AI is a New York-based developer of Delysium, an AAA web3 game. The game lets players own and manipulate physical in-game assets — including MetaBeings, virtual creatures, cyberbody, weapons, vehicles and environmental objects — that can be equipped, combined and upgraded via self-crafting or trading. Players can also create narrative assets such as dialogue models, behavioral models, decision-making models, storylines, missions and other personalized entertainment scenarios composed of AI-powered MetaBeings. Led by CEO Yuheng Chan, the company raised $4M in its first funding round to support game production and the broader ecosystem. rct AI plans to use the funds to launch Alpha and Beta versions of Delysium and to run a PVP tournament in the middle of the year. rct AI develops AI-powered content and virtual beings for the video game industry, including the Deterrence AI layer that powers intelligent NFTs and the Morpheus AI engine for NPC response and storyline generation. The company says it built the world’s first AAA play-to-earn game and the world’s first intelligent NFT chip to enable life‑like virtual beings and creators’ tooling. Its products include Deterrence (AI conversation, intent recognition, and motion generation) and Mirror NFT, a boutique gamefi collection that has seen millions of token transactions. rct AI emphasizes NFT utility and liquidity, AI-to-earn yield farming, and higher revenue potential for NFT owners as core business expansion areas. The company reports partnerships with 20+ game studios and serving 200M+ users worldwide. rct AI completed a $10M+ Series A-3 round, underscoring recent fundraising progress as it pursues broader Metaverse and gamefi adoption.

Participated · Equity · Mar 2022

Delysium is an AI-powered open-world platform that builds diverse, free-to-own universes and AI-driven MetaBeings for player-created experiences. The company has released a Playable Whitepaper game that garnered over 450,000 views in two weeks, showing early traction. Its technology stack includes AI-to-earn, AI conversation models, AI intent recognition, and AI motion generation powered by Deterrence and rct AI to create cognitively aware virtual beings. Delysium has delivered a visually focused Battle Royale title and is focused on scaling content production across its Multiverse. The team plans to use funding to develop content, enable unique AI-powered experiences, and build the Delysium Multiverse—an open-source, decentralized publishing structure for web3 games. The company emphasizes involving Multiverse Operators to set on-chain incentives and co-produce abundant game content. Delysium is described as the world's first playable AAA MMO web3 game, combining open-world MMORPG design with cyberpunk aesthetics and user-generated content. Its gameplay includes battle, exploration, construction, cultivation, social systems and AI-driven "MetaBeing" characters. Players can earn loot boxes (tokens, NFTs, game resources) through various modes and can equip, combine, upgrade, craft and trade in-game assets such as MetaBeings, cyberbodies, weapons, vehicles and environmental objects. The platform also enables creation of narrative assets, including dialogue models, behavioral models, decision-making models, storylines and missions. The team plans to launch Alpha and Beta versions with a PvP tournament in the middle of the year and will use recent funding to support game production and the ecosystem. Delysium is led by rct AI, an entity incubated by Y Combinator, with Yuheng Chan as CEO.