# Metaverse Magna

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/metaverse-magna

- Industry: Software
- Headquarters: South Africa
- Website: www.mvm.gg
- Total disclosed funding: $3.2M
- Latest round: Seed (Sep 5, 2022)
- Investors on record: 10

## About

Based in South Africa, Metaverse Magna is the provider of games and allows gamers aka metaknights to compete for prizes. In September 2022, the firm raised USD 3.2 million in Seed funding from investors African founders launchpad limited, HashKey Capital, IndiGG, LD Capital, Polygon Studios, Taureon, Tess Ventures, WEMADE TREE PTE LTD. Returning investor gumi Cryptos Capital and individual investor also participated in the round. As of 2022, the general manager of the firm is Yemi Johnson. 

The company offers mobile games in the frontier market and provides play-to-earn scholarships to gamers aka metaknights. It allows players to play games with the community which includes a tribe of people with shared interests, passions, and skills, and compete with them to play crypto games and earn rewards. Additionally, it provides developers tools for game creators enabling them to utilize web3 gaming business models. Furthermore, it offers easy – to – use guild management platform that provides guild operators with the required tools needed to set up their own grid. The game collections of the firm include axie infinity, pegaxy, call of duty, thetan arena, candy crush, genopets, and many more. As of 2022, the company has more than 1000 active gamers across Africa and more than 100,000 members across its products and community.

The company plans to use the September 2022 funding to expand its efforts to build “Africa’s largest gaming DAO and provide gamers with access to world-class opportunities.

## Funding rounds

- Seed, Sep 5, 2022, $3.2M — HashKey Capital, Taureon, Gumi Cryptos Capital, WEMADE, Old Fashion Research, Tess Ventures, Polygon Studios, IndiGG, LD Capital, African founders launchpad limited

## Investors

- HashKey Capital (https://capitalatlas.ai/funds/hashkey-capital) — Seed
- Taureon — Seed
- Gumi Cryptos Capital (https://capitalatlas.ai/funds/gumi-cryptos-capital) — Seed
- WEMADE — Seed
- Old Fashion Research (https://capitalatlas.ai/funds/old-fashion-research) — Seed
- Tess Ventures (https://capitalatlas.ai/funds/tess-ventures) — Seed
- Polygon Studios (https://capitalatlas.ai/funds/polygon-studios) — Seed
- IndiGG — Seed
- LD Capital (https://capitalatlas.ai/funds/ld-capital) — Seed
- African founders launchpad limited — Seed