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In a groundbreaking development, Fungies.io has announced the successful closure of its PreSeed round, garnering investments from industry-leading firms such as Depo Ventures, Czechfounders.VC, Necto Labs, CV VC, Outlier Ventures, Tatum, and StartupYard. Fungies.io is on a mission to revolutionize the gaming commerce landscape by empowering indie game studios to take control of their distribution channels and self-publish directly to players.
Fungies.io envisions becoming the Shopify of gaming, offering a no-code SaaS platform that allows small game studios to set up their own customizable Web Storefronts within minutes. With more than 3.22 billion people playing games worldwide and the video games market expected to reach a staggering $521.6 billion by 2027, the demand for accessible and efficient distribution channels has never been higher.
Unlike traditional gaming platforms, Fungies.io is not positioned as a direct competitor to industry giants like Steam. Instead, it offers an alternative and additional game distribution channel with unique benefits for indie game developers. The platform aims to streamline the process of setting up Web Storefronts, saving studios valuable time and resources, while also maximizing their profits by bypassing the hefty commissions often charged by industry incumbents.
By integrating with Stripe, Fungies.io provides players with a diverse range of payment methods, making it easy and convenient for them to purchase game keys and in-game items. Moreover, the platform empowers studios to access critical customer data, enabling targeted marketing strategies and upselling new games to existing players.
Fungies.io’s extensive range of customization options, including color schemes, fonts, and layouts, allows game studios to create a unique Web Storefront that aligns with their brand identity. With seamless integrations with third-party apps such as Mailchimp, Zapier, and Intercom, studios gain the ability to market their games directly to players more efficiently.
The startup’s plans extend beyond PC gaming, as it aims to support mobile game studios in selling in-game items, assets, and currencies through their Web Shops. Notably, some publishers are already experiencing a significant share of sales through Web Shops, highlighting the immense potential of this market.
Fungies.io is poised to disrupt the gaming commerce industry in multiple ways:
Empowering Studios to Self-Publish: Fungies.io’s platform allows studios to set up their own Web Shops, giving them control over their distribution channels and the ability to sell directly to players.
Eliminating Excessive Commissions: By bypassing industry incumbents, studios can retain more revenue and maximize their profits.
Customization and Easy Integration: Fungies.io offers a range of customization options and seamless integrations with third-party apps, making it easy for studios to create their unique Web Storefronts and efficiently market their games.
With plans to launch its first platform version by the end of September 2023, Fungies.io aims to onboard 2,000 game developers and publishers over the next year, providing them with a user-friendly and efficient way to establish their Web Shops and reach their audience directly.
As Fungies.io disrupts the gaming commerce landscape, the future of indie game development looks brighter than ever, with studios gaining the power to take charge of their distribution channels and build stronger connections with players worldwide.
