Creator-first UGC Metaverse YAHAHA, Raises USD 40M in Series A+ Funding Round to Launch the Platform to Exciting New Heights

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The new funding round was led by Temasek and Alibaba and includes investment from 37 Interactive Entertainment.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Tuesday, November 15, 2022
Information
Tags: 
Electronic Games, Apps, Applications, Technology, Entertainment, Other Technology, Online, Mobile Entertainment, Metaverse, Software, Ali Baba, UGC, Creativity, Multimedia, USD, Unity, Temasek, MacOS, Alpha, GameWeek Magazine, Ecosystem, 3D, Video game
Geotags: 
INDIA, AUSTRALIA/OCEANIA, AUSTRALIA, JAPAN, CHINA, NEW ZEALAND, FINLAND, SOUTH KOREA, ASIA PACIFIC, EUROPE, US, SEOUL
Organisation: 
YAHAHA STUDIOS
Summary
Key Points: 
  • The new funding round was led by Temasek and Alibaba and includes investment from 37 Interactive Entertainment.
  • View the full release here: https://www.businesswire.com/news/home/20221114005506/en/
    YAHAHA Studios, the community focussed user-generated content metaverse, secured a Series A+ investment of USD 40M, as it prepares to take its platform to the next level.
  • This investment follows a previous Series A raise of USD 50 million, taking total funding secured by YAHAHA to almost USD 100 million in two years.
  • This round of funding signifies the next step we are taking with YAHAHA - opening up more creator experiences monetization modules.


YAHAHA Studios (‘YAHAHA’) the community focussed user-generated content (UGC) metaverse, has today announced it has secured a Series A+ investment of USD 40M, as it prepares to take its platform to the next level. The new funding round was led by Temasek and Alibaba and includes investment from 37 Interactive Entertainment. The raise will be used to further grow the YAHAHA product, community, headcount and ecosystem. Since launching Early Alpha in April 2022, YAHAHA has seen over 100,000 creators flock to its platform on PC and macOS, with hundreds of thousands of players enjoying its UGC games on the mobile app.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221114005506/en/

YAHAHA Studios, the community focussed user-generated content metaverse, secured a Series A+ investment of USD 40M, as it prepares to take its platform to the next level. (Graphic: Business Wire)

YAHAHA Studios, the community focussed user-generated content metaverse, secured a Series A+ investment of USD 40M, as it prepares to take its platform to the next level. (Graphic: Business Wire)

Dual-Headquartered in Finland and Shanghai, YAHAHA was founded in 2020 by a talented group of Unity veterans. The platform is on a mission to democratize 3D content creation, helping creatives of all skill levels to make their own games, worlds and social spaces. YAHAHA has tools that make creating games as easy as drag and drop, as well as extensive, easy-to-use, tutorials. This investment follows a previous Series A raise of USD 50 million, taking total funding secured by YAHAHA to almost USD 100 million in two years.

YAHAHA has over 150 employees, with offices in Helsinki, Seoul, and Shanghai, with a global team. Following the new round of funding, it plans to extend its reach further, with new hires and offices in local markets such as the US and APAC. Extending its ecosystem, YAHAHA has plans to collaborate with brands to bring new IPs into its metaverse.

Chris Zhu, CEO at YAHAHA said, “We’ve seen fantastic growth in YAHAHA throughout the Early Alpha stage, and with over 100,000 creators signing up to make content with us, we are building on a strong foundation. This round of funding signifies the next step we are taking with YAHAHA - opening up more creator experiences monetization modules. We are also continuing to pioneer by investing in key areas of the community and by building relationships with brands that share our values, aligning ourselves with experts in the fields of game development, 3D asset creation and more.”

YAHAHA is the next generation of entertainment, and available to try now. Visit yahaha.com and unleash your creativity.

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