Immutable Raises $15M in Series A Funding

immutableImmutable (formerly known as Fuel Games), a Sidney, Australia-based company that builds video games with player-owned assets, raised a $15m Series A funding round.

The round was led by Naspers Ventures, part of Naspers, and Galaxy Digital EOS VC Fund, with participation from Apex Capital Partners.

The company will use the funds to accelerate the development of its flagship game, Gods Unchained, and to build out the Immutable Platform, an open-source blockchain toolkit that lets developers create “immutable assets,” in-game items like cards, skins, weapons, and more, for their third-party games.
Gods Unchained is a trading card game led by Chris Clay, the former director of Magic The Gathering: Arena, which is still in beta and has already sold more than 4 million cards, generating over $4.5 million in revenue through their limited “Genesis Sale,” which ends on October 10th.

The company was co-founded by James and Robbie Ferguson.



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