Yahaha Studios Raises $50M in Funding

Yahaha Studios, a Finnish maker of a metaverse for games, raised $50m in funding.

The backers were not disclosed.

The company intends to use the funds to prepare to launch in early 2022.

Founded in 2020 by Chris Zhu (CEO), Pengfei Zhang (COO) and Hao Min (CTO), Yahaha Studios is a virtual user-generated content (UGC) metaverse where creators come together to combine virtual and real life in multidimensional ways. Created by a team of Unity veterans, with Yahaha, developers can build new games or monetize existing ones. With no-code entry levels and thousands of pieces of art available to use, the interactive studio supports creators with all levels of experience, freeing creativity and building games. 

Headquartered in Finland, the company has offices housing research and development in China and business development in Korea.