Casual gaming studio HighXP has raised $2.2 million in seed funding led by 3one4 Capital with participation from Prime Venture Partners and Gemba Capital. Angel investors including Rahul Bhardwaj, Anuj Tandon and Giri Patil also participated in the round.
HighXP will use the fresh capital to invest in new talent and expand its team across all functions. According to the Bengaluru-based company, the investment will play a crucial role in accelerating the growth of HighXP’s debut game, Doodle Me, available for free on the Google Play store and Apple Store and assist the studio in launching more games.
Founded by Shankara Seethappa and Raghu Sankar, HighXP is a casual gaming studio focused on creating social games that provide a fun and engaging experience for players worldwide. It aims to develop captivating social-casual games that resonate with a global audience. The startup’s inaugural game, Doodle Me, is a social drawing and guessing game designed for players aged 5 and above.
According to an industry report by SuperData, there are over 1.2 billion gamers who engage in casual games annually, with approximately 58.86% of them playing games on mobile devices.
Last month, early-stage VC firm 3one4 Capital had closed its fourth early-stage fund at $200 million. The fund, which has backed startups like Licious, Loantap, Koo, Darwinbox and Open, plans to invest in 30-35 companies with cheque sizes ranging from $500K to $6-7 million.