Gacha Monsters, a Japan-based entertainment and gaming startup, has raised US$3 million in a seed round led by Animoca Brands. Other investors include Infinity Ventures Crypto, FBG, and Big Time Games.
The startup is led by Jia Shen, a game developer who previously worked on titles such as Pokémon Medallion and Battle Cats as well as the international version of Disney Tsum Tsum. It will use the funds to create and distribute intellectual properties (IPs) across various formats, such as video games, anime, comics, physical merchandise, and Web3.
Gacha Monsters’ first self-developed property is Poglin, which features a world filled with different creatures with unique abilities. It aims to launch the alpha version of a Poglin game in the first quarter of 2024.
Source: Tech in Asia