# Heroes of Mavia

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/heroes-of-mavia

- Industry: Software
- Headquarters: Hanoi, Vietnam
- Website: www.mavia.com
- Total disclosed funding: $5.5M
- Latest round: Seed (Jan 21, 2022)
- Investors on record: 12

## About

Based in Hanoi, Vietnam, and founded in 2021, Skrice Studios Ltd. operates as a blockchain game development studio that develops Heroes of Mavia, a base builder game. In February 2022, Skrice Studios Ltd. raised USD 2.5 million in venture funding led by Crypto.com Capital, with participation from GuildFi, HashKey Capital, Merit Circle, and Yield Guild Games South East Asia. As of March 2023, Skrice Studios Ltd. is being led by Tristan Chaudhry, as its Managing Director.

The company develops a Play-to-Earn (P2E) MMO (Massively Multiplayer Online) strategy-based game that operates on blockchain technology. The firm’s flagship game is called Heroes of Mavia, where the players will command a troop, and expand their army to attack and conquer enemy bases in order to earn RUBY, the in-game token. The players can use RUBY tokens to purchase skins, cosmetic items, etc for their characters, as well as for upgrading and trading their NFTs. MAVIA is the governance token for the company’s platform.

## Funding rounds

- Seed, Jan 21, 2022, $5.5M — Animoca Brands Corporation Limited, YZi Labs, HashKey Capital, Delphi Digital, Alameda Research, Mechanism Capital, Double Peak Group, Genblock Capital, Exnetwork Capital, Yield Guild Games, Merit Circle, Yield Guild Games South East Asia

## Investors

- Animoca Brands Corporation Limited — Seed
- YZi Labs (https://capitalatlas.ai/funds/yzi-labs) — Seed
- HashKey Capital (https://capitalatlas.ai/funds/hashkey-capital) — Seed
- Delphi Digital — Seed
- Alameda Research — Seed
- Mechanism Capital (https://capitalatlas.ai/funds/mechanism-capital) — Seed
- Double Peak Group — Seed
- Genblock Capital (https://capitalatlas.ai/funds/genblock-capital) — Seed
- Exnetwork Capital (https://capitalatlas.ai/funds/exnetwork-capital) — Seed
- Yield Guild Games (https://capitalatlas.ai/funds/yield-guild-games) — Seed
- Merit Circle (https://capitalatlas.ai/funds/merit-circle) — Seed
- Yield Guild Games South East Asia — Seed