After announcing the launch of Alpha Snapshot 4, Empires Not Vampires Ltd. officially revealed that they managed to raise $1 million in a seed round led by Shima Capital for their Web3 game, Paradise Tycoon.

This initial funding was revealed this week, but the round actually took place during autumn last year, giving the experienced game development company the necessary resources to create their first blockchain title. Next to Shima Capital, other investors who participated in the early round include Fomocraft Ventures, Devmons Gaming, Zee Prime Capital, Starter Capital and FireX Capital.

The Founder and Managing General Partner at Shima Capital, Yida Gao, had the following to say:

“We’re extremely bullish on Paradise Tycoon and the entire Empires Not Vampires team. The core team has worked together for many years and have shown a true knack for creating engaging games in what we believe is a great genre for web3 gaming — the midcore.”

Next to these VC funds, the company also thanked angel investors Mikko Ohtamaa from Trading Protocol, Kyn Chaturvedi from Minterest, and Gilgamesh and 0xKepler from Hiroba for their significant support that included not only funding but also “valuable insights and guidance that have helped us navigate the complex world of blockchain gaming,” stating that they look forward to further cooperating with them.

Devmons Gaming contributor “Obviously Obvious” added the following:

“We believe in mass adoption of web3 games for hybrid casual and tycoon genres. But only the best games will lead the market. Paradise Tycoon has already proven the right direction by having a traction of 200K+ downloads, which is much more players than majority of web3 games were able to reach. However the potential and real fun begins in millions+ users. Paradise Tycoon has the team, skill, passion and experience to get there.”

Empires Not Vampires Ltd. was founded in 2017 by Harri Karppinen and Timo Juuti. The company, which is now a “close-knit team” with a total of 12 members who have more than “70 years of collective experience in the gaming industry” have developed various popular mobile games together since, with the decision to switch to blockchain gaming made in 2021. 

The official announcement is available linked in the tweet down below.