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Home News Funding & VC

Fableborne Secures $5.5M Funding From Blizzard, Shima Capital, Others

June 28, 2023 - Updated on July 7, 2024
in Funding & VC, News
Reading Time: 2 mins read
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Juice Gaming News | Web3 Gaming

Juice Gaming News | Web3 Gaming

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Pixion Games’ Fableborne has disclosed a funding milestone where the game gathered approximately $5.5M. The unwavering determination of Kam Punia, the founder and CEO of Pixion Games, and his team has helped the team pierce through unfavorable market conditions. 

Punia said: “Following a series of successful releases, Fableborne has garnered strong praise and positive feedback. Our team is fully focused on making Fableborne a leading high-quality game with on-chain elements. With this mission in mind, we’re proud to say that our LiveOps powered by tournaments model is nearly ready for release.”

Fableborne Funding Investors

The funding round was backed by top investors like Blizzard, Shima Capital, Eldridge, Merit Circle, ReadyPlayerDAO, VGC, Zee Prime, Mechanism Capital, GSR, Avalaunch, and Misfits Gaming among others. Pixion Games selected investors who are ready to sustain the long-term relationships required for Fableborne’s growth and development. 

While trying to build the best hit game, Pixion Games has applied a developmental approach called the “build or kill” strategy. Before the release of Fableborne about five game prototypes have been destroyed. The team intends to revolutionalize the web3 gaming space through on-chain elements that enhance social play, user-generated content (UGC), and tradable in-game assets. These assets add extra value to the gameplay without negatively impacting core gameplay. 

Pixion Games has advised players to be a part of Fableborne’s journey by participating in upcoming playtests. Early participants will have access to new releases and get opportunities to hold pivotal roles in the game. Players can pre-register by submitting their email addresses on Fableborne’s website. 

About Fableborne 

Fableborne is an isometric play-to-earn multiplayer game that enables players to explore the Shatterlands. It is an ARPG x Base-Builder mobile game where players fortify their islands and attempt to raid other players’ islands for gold and glory. Players can participate in player-versus-player battles or player-versus-environment battles like fighting the boss. Fableborne was developed by Pixion Games, a studio established in 2017 by a group of experienced veterans from  Konami, Garena, Gala Games, Square Enix, Sony, Wargaming, Pixonic, Ubisoft, NCSOFT, and other top AAA game studios.

Tags: RPG
Sponges

Sponges

Sponges is a gamer and avid reader who began his journey into Web3 gaming as an enthusiast in 2020. Since then, he has pivoted himself as a writer who aims simplify stories for readers.

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