Web3 Gaming Startup Tevaera Raises $5M in a Round Led by Laser Digital

The company will use the funds to accelerate the development of its ecosystem with new games and a decentralised L3 gaming chain on zkSync.
Image source: Tevaera

Quick take:

  • Hashkey Capital, Fenbushi Capital, Matter Labs, Draper Dragon, Faculty Group, Crypto.com Capital, Cogitent Ventures, DWF Labs and Morningstar Ventures also joined the round.
  • Tevaera says its inaugural multiplayer blockchain game “Teva Run” attracted over 850 soulbound gamers in the past year.
  • The company also announced the launch of its redesigned website, which serves as a “one-stop platform for gamers and developers.”

Tevaera has completed a $5 million funding round led by Nomura Group’s digital asset unit, Laser Digital. 

The fundraising also attracted participation from Hashkey Capital, Fenbushi Capital, Matter Labs, Draper Dragon, Faculty Group, Crypto.com Capital, Cogitent Ventures, Selini Capital, DWF Labs, Morningstar Ventures, DCF God, Momentum6, GBV Capital, Mapleblock Capital, GD10 Capital, Aquanow, Coinswitch, and others.

The company is building a “one-stop platform for gamers and developers,” announced as part of its newly redesigned website. 

Tevaera uses a game-IP-first approach, identifying and addressing challenges within the web3 gaming infrastructure. The platform has been in development over the past two years, which culminated in the company’s inaugural Web3 game “Teva Run” a year ago.

Since then, the Tevarea gaming ecosystem has grown rapidly attracting over 850,000 soulbound gamers from more than 100 countries, the company wrote in a blog post on Wednesday.

The game is powered by Guardian NFTs and is integrated with the platform’s comprehensive gaming marketplace, Teva Market.

Commenting on his company’s leading role in the fundraising, Jez Mohideen, CEO of Laser Digital, Nomura Group said in a statement: “Supporting Tevaera in its journey to unlock the next era of web3 games through a comprehensive, one-stop platform is an exciting opportunity. We are confident that this strategic investment will create new opportunities for ZK and on-chain powered gaming.”

Robin Babu and Gav Negi, co-founders of Tevaera echoed those remarks hailing the big support from the Tevaera community and its partners adding, “This funding not only validates our vision but also empowers us to set a new industry standard for building, launching, and playing multi-genre web3 games.”

Tevaera plans to use the fresh capital to expand its gaming ecosystem by building two new games. The company is also building a decentralised layer-3 chain on zkSync, as it paves the way for permissionless Web3 gaming.

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