San Francisco, USA-based game studio Bazooka Tango raised USD 5 million in funding. The round took place on November 17, 2023.BITKRAFT Ventures led the financing for the company. In addition, RW3 Ventures, Sfermion, 1Up Ventures, and others also joined in the financing.

Purpose of the financing for Bazooka Tango

With the latest capital injection, the company seeks to grow the Bazooka Tango team. It has plans to continue for strategic hires meant to bring new, in-development titles to the market. In addition, Bazooka Tango seeks to double down on the development of Shardbound, an immersive, multiplayer collectible tactics game built in collaboration with Immutable Games. 

What the company’s official has to add

Bo Daly, Founder and CEO at Bazooka Tango, said, “We are honoured and humbled by the recognition Shardbound is receiving from gamers and investors alike. We have already received overwhelming support with our latest Alpha playtest, which is maxing out at our 1,000-player cap. We believe that web3 has the potential to unleash some really cool ideas, and we’re excited to see so much enthusiasm from our community as we continue on this journey together.”

He further added, “Amid an incredibly challenging year for VC funding, it speaks volumes to the quality of our games – like Shardbound and the team we have built here at Bazooka Tango. With the help of this additional funding, we are focused on expanding our team in critical disciplines essential for launching and growing the Shardbound universe.”

What the investors have to comment

Scott Rupp, Founding General Partner of BITKRAFT Ventures, said, “Bo and Stephan were some of the first video game founders to bring high-quality core multiplayer games to mobile devices, setting a new standard for a new platform. They are the perfect team to raise the bar again to bring core web2 gamers into the web3 space.”

About Bazooka Tango

Bo Daly and Stephan Sherman launched the company in 2019. Bazooka Tango is raising the bar for blockchain gaming. The company boasts a portfolio of interoperable AAA games, building the metaverse for 100 million core gamers.

The company combines deep publishing expertise with the creative muscle behind the breakthrough mobile esport Vainglory. It further boasts decades of experience building and scaling hit games across PC, mobile as well as console. With multiple titles set for release across key core gaming genres, the network of games is all set to shape the future of competitive play. The company’s upcoming title, Shardbound, will launch worldwide next year.

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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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