- double jump.tokyo has raised more than $10 million in its Series D round
- Investment came from SBI Investment, Sony Group, Taisu Ventures and others
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Japanese Web3 game maker double jump.tokyo has raised more than $10 million in its Series D funding round led by venture capital firm SBI Investment.
The funds will go towards developing and supporting the studio’s blockchain games and infrastructures, as well as bolstering its talent base.
Other participants in the round included Sony Group, Taisu Ventures, Gate Ventures, TM Capital and Bing Ventures.
Partnering power
double jump.tokyo’s Series D round has come after six years of work in the Web3 space and just ahead of its next release, a SEGA-licenced NFT card battler called Battle of Three Kingdoms – Sangokushi Taisen.
On its mission to bring Web3 to the masses, double jump.tokyo has also collaborated with Ubisoft, Line, and fellow Japanese studios Square Enix and Bandai Namco.
Speaking on the latest funding, double jump.tokyo founder and CEO Hironobu Ueno said: “This successful fundraising round serves as a testament to our consistent achievements in the blockchain gaming sector, particularly in collaborative game development utilizing prominent IPs and the advancement of critical blockchain infrastructure, such as Oasys.
“We will primarily allocate the funding toward joint blockchain game development with major game companies and the continued enhancement of our blockchain infrastructure. By growing our company, we intend to be a driving force behind the mass adoption of Web3, with a clear focus on the blockchain gaming market.”
Investor enthusiasm
double jump.tokyo is particularly looking to deepen its collaborative potential with SBI Group, as the lead investor in the round, and to promote development on Sony’s blockchain Soneium.
“We are very excited to support double jump.tokyo as shareholders,” said SBI Investment manager of investment department.
“Under the leadership of CEO Mr. Ueno and a team with a strong grasp of entertainment, they consistently produce engaging content.
“The forthcoming release of Battle of Three Kingdoms, developed by a global team of talented individuals, is highly anticipated. We are confident that this project will resonate with a wide audience.”
Sony Group Corporation general manager of the Innovation Fund Office Kazuhito Hadano added: “double jump.tokyo is a startup with a proven track record of leading blockchain games originating from Japan.
“As they continue to grow and solidify their unique position, we anticipate that their technological and development capabilities will help drive the adoption of Web3 across the entertainment industry.”
Square Enix also took another step into the world of Web3 and NFTs earlier this year with a HyperPlay investment.
