Web3 mobile game Dogami receives $14M in seed funding

Web3 mobile gaming company Dogami has announced the completion of a seed funding round, securing $14 million. European tech investor XAnge led the round with $7 million. The company previously amassed $6 million from industry leaders such as Ubisoft, Animoca Brands, The Sandbox Co-Founders, Draper Goren Holm, Tezos, and GSR in January 2022.

Dogami has managed to gather a community of over 200,000 users from 80 different countries within one year. After receiving its initial investment back in January, the firm managed to generate 12,000 NFTs of dog avatars and 12,000 NFTs of canine accessories.

Max Stöckl, Co-Founder and CEO of Dogami, commented:

“With Dogami, we aspire to lead the industry in developing a scalable entertainment experience that transcends the Web3 space. We believe that our approach of combining an engaged community, compelling storytelling, and true digital ownership is a crucial pillar of our early successes, and we continue to capitalize on that.”

“We are particularly happy to receive support from highly legitimate European investors like XAnge and Bpifrance, which is an important signal for the Web3 gaming space as a whole”

XAnge’s Alexis du Peloux added:

“As a long-term investor, XAnge is glad to strengthen its support for the Dogami team. We believe that Web3 gaming is now entering a new era in which the experience should meet Web2 gaming standards. Congratulations to the whole Dogami team for aiming high on that aspect. We are looking forward to seeing the progress that will happen in 2023 onwards, especially when we reach a bull market again.”

The company stated that the current number of 12,000 unique NFTs to rise to 100,000 by the end of 2023. For next year, Dogami plans to introduce new features and improvements, including personalization of Dogami avatars with branded accessories, development of the game environment, new animations and interactions, augmented reality, mini-games, and competitions between users.