DOGAMÍ, the first Web3 NFT virtual dog game, completed its €14 million seed round by raising another €7 million with XAnge as the lead fund. DOGAMÍ has launched a mobile application to adopt and breed NFT virtual dogs, being rewarded with a cryptocurrency, DOGA. This new fundraising will allow the Web3 game to develop its range of Web3 games and applications for the general public.
A community of over 200,000 Dogamers
This new fundraising, led by XAnge, Bpifrance and renowned investors such as the
family office Wagram Capital, brings the total amount raised by the startup to 14 million euros.
In January 2022, DOGAMÍ had already raised 7 million euros from Ubisoft, Animoca Brands, the
co-founders of The Sandbox, and many other major players in the Web3 and gaming industry
video.
In less than a year, DOGAMÍ has created one of the most committed Web3 communities with more than 200,000 “dog lovers” members. The startup has also sold over 12,000 virtual companion NFTs
and 12,000 NFT of canine accessories in partnership with the international brand GAP. Finally, the team
of DOGAMÍ, made up of 40 employees, recently launched its 1ʳᵉ mobile application “DOGA House”.
The DOGAMÍ mobile application, the DOGA House, was launched on November 30
The DOGA House is a mobile application running on Android and iOS, exclusively reserved
to owners of an NFT Dogamí. Nicknamed the “Dogamers”, half of them have a
real dog, are on average 30 years old, and come from all over the world (more than 80 countries
represented).
Thanks to this application, Dogamers can discover their NFT puppies, see them “come to life” under
their eyes, and interact with them whenever they want. The first actions of the game allow them to
play with their dogs, feed them, pet them, or even walk around in the setting of the universe
by DOGAMI.
By taking care of their NFT dog, players are rewarded each week by receiving a
cryptocurrency called the DOGA. The DOGA is the “currency” internal to the DOGAMÍ universe, it allows
to buy or resell his NFT dogs and accessories, and soon to buy clothes and
real accessories, to participate in events or to have their NFT dogs mate.
The mating functionality, called “Breeding”, will be launched in 2023 and will give the possibility
a male NFT dog and a female NFT dog to generate a new NFT pup.
There are currently 12,000 NFT virtual dogs, all different and more or less rare. For the
15 breeds of dogs are available, the most popular of which are the Shiba Inu, the Corgi or
the Australian Shepherd again. New races will be available next year and in total more
100,000 different NFT dogs will be able to play by the end of 2023.
Web3 within reach of the general public
The beginnings of DOGA House are very promising: two weeks after its launch, 70% of
Dogamers with access to the app log in every day.
Many changes will be introduced in the coming months:
- Customization of dogs with branded accessories (GAP and other planned partnerships);
- The development of the game environment;
- New animations and interactions;
- Augmented reality ;
- Mini-games and competitions between Dogamers.
Finally, the team is preparing the launch of an ambitious new video game which should see the light of day in 2023 and
will allow Dogamers to experience new entertaining adventures with their companion
virtual.
“In a difficult context for the Web3 sector, we are proud to receive the support
leading European investors such as XAnge and Bpifrance, which will enable us to
develop games and Web3 applications finally accessible to the general public. » – Max Stöckl, Co-founder and CEO.
“Our success is based on two pillars which are unique intellectual property and our community
of 200,000 passionate members from all over the world. Now we have the means to
develop applications that meet the expectations of the latter. – Adrien Magdelaine, co-founder and COO.
“We are very proud to be able to develop intellectual property that will remain marked in
history as a benchmark brand in Web3 entertainment. A magical and unique world, which offers new characters and environments and allows the audience to experience interactive stories in the world of DOGAMÍ. We are committed to bringing new media experiences to our community and the general public through our NFTs. » – Kristofer D. Penseyres, Co-founder and CBO.
“As a long-term investor, XAnge is very happy to once again support the team of
DOGAMI. At XAnge, we are convinced that ‘play to earn’ now addresses a
new chapter where game standards must reach those of Web2. Congratulation to
the DOGAMÍ team for their ambitions, we can’t wait to see what 2023 will bring,
especially if market conditions are favorable again. » – Alexis du Peloux
Principal at XAnge.
“Bpifrance is delighted to support DOGAMÍ, an emblematic player in the web3 ecosystem, in its
next stage of development. In less than a year, the teams have built a community
powerful and committed of more than 200,000 people laying the foundations for a global IP. With the
releasing the mobile game in early December, NFT holders will be able to experience the full power
and features of their virtual pet. The sequel promises to be exciting! –
Guillaume Simonaire, Director of Bpifrance Investments.
About DOGAMI
DOGAMÍ is the first “Web3” game of NFT virtual dogs. Its first mobile application allows
to adopt and breed NFT virtual dogs by earning a cryptocurrency, DOGA. Dogami has been
co-founded in mid-2021 by Max Stoeckl (CEO, ex-BCG), Bilal El Alamy (CTO, serial entrepreneur in the
Blockchain), Adrien Magdelaine (COO, ex Wamiz, successful entrepreneur in the animal sector
company) and Kristofer D. Penseyres (CBO, ex Sony Pictures, branding and partnership expert). They
are supported by a European team of more than 40 employees, including the Artistic Director
Gregory Magadoux, former Ubisoft. DOGAMÍ successfully raised $14M from major investors
such as Ubisoft, Animoca Brands, XAnge, Bpifrance and the co-founders of The Sandbox. Visit the website and the account Twitter by DOGAMI.
About XANGE
XAnge is an early-stage investment fund with 600 million euros under management, based in Paris,
Berlin and Munich. Its investment team supports European entrepreneurs who aim to change everyday life through technology, by investing amounts of
500,000 to 10 million euros from the start-up phase. With an investment thesis centered on
access to technologies for as many people as possible, XAnge invests in the sectors of deeptech,
health, fintechs, SaaS and e-commerce. XAnge has for example supported Lydia (Finance), Welcome
to the Jungle (Human Resources), Believe (Music), Request Finance (cryptocurrencies) or even
Ledger (cryptocurrencies). XAnge is the innovation brand of the Siparex Group
About Bpifrance
Bpifrance’s equity investments are made by Bpifrance Investissement.
Bpifrance finances companies – at each stage of their development – in loans, guarantees and
in equity. Bpifrance supports them in their innovation projects and internationally.
Bpifrance also ensures their export activity through a wide range of products. Council, University,
networking and acceleration program for start-ups, SMEs and ETIs
also part of the offer offered to entrepreneurs. Thanks to Bpifrance and its 50 locations
regions, entrepreneurs benefit from a close, unique and efficient contact for
help them face their challenges.
For more information, please visit the website: https://www.bpifrance.com
Follow us on Twitter: @Bpifrance – @BpifrancePresse
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