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FunPlus

Bahnhofstrasse 2, Zug, 6300, Switzerland

Overview

FunPlus is one of the largest privately held companies in all of gaming. Founded in 2010, it is a global creator of interactive entertainment experiences powered by technology, with cross-platform game development and IP creation at its core. FunPlus is an organization that fosters top industry talent, with more than 2,000 team members based in offices and studios across three continents. These talented creative teams are well-known for developing hugely popular cross-platform titles including State of Survival, King of Avalon, Guns of Glory, Stormshot and Sea of Conquest.

Total investments
9
Lead investments
3
Investments · 12mo
1
Active investors
8

Sector focus

  • Gaming
  • Mobile
  • Mobile Apps
  • Software
  • Video Games
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Investment portfolio

  • Galaxea AI

    Participated · Series A · Aug 2025

    Founded in 2023 and based in Beijing, Galaxea AI develops embodied intelligence systems centered on Vision‑Language‑Action (VLA) models and World Action Models. The company emphasizes a tightly integrated approach where VLA and World Action Models co‑evolve using massive real‑world datasets collected from open environments. Galaxea has open‑sourced three VLA models to date and contrasts its real‑data‑driven approach with competitors that rely primarily on simulation. The firm acknowledges challenges of high data collection difficulty, cost, and slower scalability inherent to its chosen data strategy. Following a nearly CNY1 billion Series B in February, Galaxea completed a nearly CNY2 billion Series B+ at a CNY200 billion valuation to fund further R&D, ecosystem expansion, and commercial deployment efforts.

  • AI Arena

    Participated · Equity · Jan 2024

    ArenaX Labs develops AI Arena, a player-versus-player fighting game where players train characters to fight in their stead rather than competing directly against other humans. The game is designed to teach users an intuitive understanding of AI without requiring any coding skills. It will be free to play, with a web3 version that allows players to compete for rewards. ArenaX positions the trainer-character relationship as a way for players to build strong bonds while learning AI concepts through play. The company intends to use newly raised funds to further develop AI Arena. CEO Brandon Da Silva leads the company from Toronto, Canada.

  • Gardens

    Participated · Series A · Jul 2023

    Gardens is a Los Angeles, CA–based, globally-distributed game studio led by CTO Lexie Dostal and game director Chris Bell. The studio specializes in social play—online spaces that bring players together to form lasting relationships and communities—and was founded by developers of Journey, What Remains of Edith Finch, Blaseball, Dustforce, Sky: Children of the Light, and more. Gardens emphasizes craftsmanship and sustainable development practices, including pay transparency, mentorship, and efforts to diversify the voices within the team. The company raised $31.3M in a Series A round and intends to use the funding to scale up its team. Following the round, Gardens added several high-profile advisors to its roster and expanded its board with representatives from lead investors. No operating metrics (revenue/users) were disclosed in the article.

  • Fusionist

    Led · Seed · Jun 2023

    Fusionist is a blockchain-based gaming company led by CEO Ike T that offers three interconnected games featuring collectible NFTs across management simulation, tactical RPG, and strategic 4X genres. The game series is set in the 2800s, with players assuming Commander roles to explore the universe and seed humanity on habitable worlds. Fusionist introduced the Endurance Mainnet in January 2023 and plans to build out that ecosystem. The company has deployed more than 50 developers globally over the past year and grown its community to 800,000 members within five months. It will initially launch games on the BNB Chain before expanding to other Layer-1 networks and is currently in beta testing on Steam. Fusionist intends to use new funding to accelerate game development, intensify user growth, and recruit gaming and Web3 professionals.

  • Xterio

    Led · Equity · Aug 2022

    Xterio is a Web3 game platform and publisher that bridges free-to-play genres with on-chain gaming, incubating both in-house and third-party titles for PC and mobile. The company is developing a diverse suite of cross-platform games (including Overworld, Age of Dino and 3T) and a web platform and marketplace for digital collectibles. Xterio is building an AI toolkit to generate style-consistent production-quality 2D and 3D assets and an "emotion engine" to enable AI-driven interactive experiences and companionship for content partners. It plans to integrate AI across its ecosystem and launch a native token that will become part of the BNB Chain ecosystem. Binance Labs has committed $15 million to Xterio’s exclusive development and management partner to accelerate game and technology development. Xterio Foundation was founded in Switzerland and positions itself as a Web3-focused publisher combining Web2 free-to-play experience with Web3 expertise. Xterio is a games developer and publisher focused on high-quality mobile and Web3 games, emphasizing multiplayer experiences and player ownership. The company is building a cross-platform platform that will include a marketplace, a social community hub, and tools to support partners. Its team includes veterans from FunPlus, Electronic Arts, Activision Blizzard, Krafton, Jam City, NetEase and other major game companies. Xterio plans to develop and publish both its own titles and partner games, create new world-class IP, and continue development of the Xterio platform. Multiple games are currently in development and product announcements are planned for this fall. Xterio is organized as the Xterio Foundation in Switzerland and is hiring to expand its team.

Team

  • Andy Zhong

    Co-Founder & CEO

    LinkedIn
  • Yitao Guan

    Co-Founder & CTO

    LinkedIn
  • Alexandre Amancio

    SVP World-Building and IP Strategy

    LinkedIn
  • Bob Slinn

    Vice President Of Business Development

    LinkedIn