# Core Loop Games

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/core-loop-games

- Industry: Software
- Headquarters: Oakland, US
- Website: www.coreloop.ai
- Total disclosed funding: $15M
- Latest round: Series A (Oct 25, 2021)
- Investors on record: 6

## About

Core Loop Games Inc. specializes in developing engaging multiplayer games, with a focus on innovative online experiences that promote interaction among players.Core Loop Games Inc. was founded in 2020 in Oakland, US, and operates within the gaming industry, focusing on multiplayer game development. The company has raised a total of USD 12.2 mn, with its most recent funding round, Series A, occurring on October 25, 2021. This round, led by Andreessen Horowitz, included participation from investors such as Dune Ventures and Galaxy Digital. The current team is led by CEO Adel Chaveleh, who co-founded the company alongside Shawn Seibert.Core Loop Games, Inc. is focused on developing multiplayer games, with their flagship product being World Eternal Online, which combines elements of Multiplayer Online Battle Arena (MOBA) and Massively Multiplayer Online Role-Playing Game (MMORPG) genres. This game is currently in Open Testing on Google Play, targeting gamers eager for engaging online experiences that facilitate multiplayer interactions. The company serves a diverse client base that includes casual and competitive gamers interested in dynamic and cooperative gameplay. Geographically, their product is accessible in various markets around the globe, specifically targeting regions with a strong gaming community within the UTC -3 to +3 time zones. Through an iterative development approach, Core Loop aims to provide high-quality gaming experiences that appeal to both casual and hardcore players.Core Loop Games operates on a revenue model that includes direct-to-consumer sales of their gaming products, primarily through digital distribution platforms. Transactions typically occur via the purchase of in-game items, which enhance user experience and engagement within World Eternal Online. The company implements a freemium model, allowing users to download the game at no cost while offering additional purchasable content that can enhance gameplay. As a result, the revenue stream is generated through these in-game transactions, which cater to both casual users seeking entertainment and dedicated players aiming to optimize their gaming experience. Since the game is still in the testing phase, specific pricing plans and additional revenue-generating services have not been disclosed.In October 2021, Core Loop Games Inc. raised USD 12.2 mn in Series A funding, led by new investor Andreessen Horowitz, to develop a sandbox multiplayer online game using blockchain technology. The company plans to expand its product offerings and likely target new markets in the gaming realm, although specific regions and timelines for this expansion have not been disclosed.

## Funding rounds

- Series A, Oct 25, 2021, $12M — Andreessen Horowitz, Initial Capital, Sisu Game Ventures, Galaxy Asset Management, 1Up Ventures, Dune Ventures
- Seed, Sep 18, 2020, $2.4M — Sisu Game Ventures, Galaxy Asset Management, Initial Capital, 1Up Ventures, Dune Ventures

## Investors

- Sisu Game Ventures (https://capitalatlas.ai/funds/sisu-game-ventures) — Seed, Series A
- Galaxy Asset Management (https://capitalatlas.ai/funds/galaxy-asset-management) — Seed, Series A
- Initial Capital — Seed, Series A
- 1Up Ventures (https://capitalatlas.ai/funds/1up-ventures) — Seed, Series A
- Dune Ventures (https://capitalatlas.ai/funds/dune-ventures) — Seed, Series A
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A