Planetarium Labs secures $3m funding to expand Immortal Rising 2 

Web3 games developer Planetarium Labs has raised $3 million in funding. 

The company said it will use the funds to expand Immortal Rising 2, its next-gen blockchain RPG. Funds will go towards enhancing gameplay mechanics and growing the community. 

As part of a successful round, Immortal Rising 2 is preparing for its Token Generation Event on March 27th, offering players and investors new opportunities to engage in its decentralised games economy and governance.

The funding round saw participation from web3 investors, including Spartan Group, Immutable, Marblex, Comma3 Ventures, and other notable angel investors.

Growth and player incentives align

Founded in 2018, Planetarium Labs previously raised $32m in a Series A round led by Animoca Brands. The company aims to elevate web3 gaming through immersive, moddable experiences. Its flagship title, Immortal Rising 2, was developed by Busy Beans Studio.

“We are thrilled to support Immortal Rising 2,” said Immutable co-founder and president Robbie Ferguson. “It’s already shown great product market fit with players, recently hitting 8.8m+ downloads. 

“Immortal Rising 2 sits in the centre of a really powerful venn diagram: First, it’s built in Asia, the biggest gaming market in the world; Second, it’s designed for mobile, which is outpacing both PC and console in growth.

“Finally, Immortal Rising 2 is fully integrated with web3 mechanics, so the growth of the game is aligned with player incentives. We’re really excited to bring this game to an even wider audience using Immutable zkEVM’s advanced scaling solutions, and our distribution platform, Immutable Play.”