Yahaha Studios, a Helsinki, Finland- and Shangai, China-baseduser-generated content metaverse, raised $40M in Series A+ funding.
The round was led by Temasek and Alibaba with participation from 37 Interactive Entertainment.
The company intends to use the funds to further grow its product, community, headcount and ecosystem.
Led by CEO Chris Zhu, Yahaha is the creator of a community focused user-generated content metaverse. The platform is on a mission to democratize 3D content creation, helping creatives of all skill levels to make their own games, worlds and social spaces. The company, which provides tools that help its customers creating games, also offering extensive tutorials, has over 150 employees in Helsinki, Seoul, and Shanghai.
Since launching Early Alpha in April 2022, Yahaha has seen over 100,000 creators join the platform on PC and macOS, with hundreds of thousands of players enjoying its UGC games on the mobile app.
FinSMEs
15/11/2022