Web3 tooling startup Nefta raises seed round at $32.5 million valuation
Nefta, a web3 infrastructure startup focused on gaming and entertainment sectors, raised $5 million in a seed funding round. Play Ventures led the round by injecting $2.5 million — the single largest investment from its Future Fund — Nefta said Wednesday.
Nefta is now valued at $32.5 million, founder and CEO Geeshan Willink told The Block. That's a 225% jump in its valuation in the last eight months. Nefta was valued at $10 million last June when it raised $1 million in pre-seed funding from Picus Capital, said Willink. That conversation went so well that we received a term sheet to follow in our seed round. Following this, we received the lead term sheet from Play Ventures," he said. Nefta then met more investors and closed the round in January.
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