Paris, France-based provider of a Web3 game for NFT pet companions, Dogamí closed its seed round at USD 14 million. The company announced the closure of seed funding on December 13, 2022. 

Berlin and Paris-based VC firm XAnge led the seed extension round of USD 7 million. Bpifrance, Singapore-based Blockchain Founders Fund, Wagram Capital, and other family offices also joined in the funding. Meanwhile, the company’s initial fundraise saw the participation of Ubisoft, Animoca Brands, The Sandbox co-founders, Draper Goren Holm, Tezos, GSR and many more strategic investors.

Purpose of financing for Dogami

With the latest financing, DOGAMÍ plans to introduce new features and improvements, such as personalising Dogamí avatars with branded accessories.

It also aims to focus on the development of the game environment, new animations and interactions. Besides, the company seeks to launch augmented reality, mini-games, and competitions between Dogamers.

What the company’s co-founders have to say 

Max Stöckl, Co-founder & Chief Executive Officer, said, “With DOGAMÍ, we aspire to lead the industry in developing a scalable entertainment experience that transcends the Web3 space. We believe that our approach of combining an engaged community, compelling storytelling and true digital ownership is a crucial pillar of our early successes, and we continue to capitalize on that. We are particularly happy to receive support from highly legitimate European investors like XAnge and Bpifrance, which is an important signal for the Web3 gaming space as a whole.”

In addition, Kris Penseyres, Co-founder & Chief Brand Officer, said, “We are excited to be developing an original intellectual property that blends world-building, unique environments, and authentic characters to create a truly immersive experience. Our brand, born in Web3, will deliver media experiences through NFTs, allowing audiences to connect with our world in new and exciting ways.”

Besides, Adrien Magdelaine, Co-founder & Chief Operating Officer, said, “Our team has performed extremely well in developing a relatable product that appeals to a broad audience. Consequently, this enabled us to grow our community organically to more than 200,000 members who share a passion for dogs and the DOGAMÍ brand. We believe that this is a very strong foundation for the next years to come.”

What the investor has to say

Alexis du Peloux, Partner at XAnge, further commented, “As a long-term investor, XAnge is glad to strengthen its support for the DOGAMÍ team. We believe that Web3 gaming is now entering a new era in which the experience should meet Web2 gaming standards. Congratulations to the whole DOGAMÍ team for aiming high on that aspect. We are looking forward to seeing the progress that will happen in 2023 onwards, especially when we reach a bull market again.”

Moreover, Guillaume Simonaire, Principal at Bpifrance, said, “Bpifrance is delighted to support DOGAMÍ, an emblematic player in the Web3 ecosystem, in its next stage of development. This transaction is fully in line with our ambition to support and accelerate the French creative industries through our “French Touch” plan. In less than a year, the teams have built a powerful and committed community of over 200,000 people paving the way for a global IP. What’s next promises to be exciting.”

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Jasleen Bhatia works as a content writer for VCBay News. She is pursuing her final semester in Bachelor of Business Administration from IIPS, DAVV. Driven by her keen interest in entrepreneurship and finance, she writes business-related articles.


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