Los Angeles, California, United States - 12-15-2022 (PR Distribution™) -
Yida Gao, the Managing General Partner of Shima Capital, recently announced a new sizable investment in the gaming startup company Midnight. Headlined by Shima Capital, Midnight picked up $7.5 million in seed round money to help move forward in the competitive industry.
Midnight has made great strides since launching in 2021. The team's roster includes seasoned gaming industry veterans who've worked for NBC Universal, Disney Mobile, and SoundCloud.
Yida Gao believes they have the right plans to be different and excel in gaming. Additional funding helps speed up the process and turn ideas into realities.
The three games already in development at Midnight show that the company is moving in the right direction early in its growth.
That was big for Yida Gao, as his firm focuses on early-stage investing. They’ve already made significant progress within a year, and the games in development could all be breakouts. Midnight and Shima Capital understand that it generally takes one breakout game to solidify the name of a company.
All three of the options bring something different to the table. Midnight is hoping to bridge the gap between Web2 and Web3 gamers. Some have already transitioned to Web3, while others have stuck with Web2.
Legion is a 4X MMO, Next Protectors is a 2-D pixel brawler, and At Your Service is a couch co-op title. As time goes on, Midnight will also begin working on more first and third-party games to cover all types of gamers. Their all-inclusive approach plays a prominent role in their long-term plans.
Midnight plans to count on the firm’s stable of experts in the startup industry to maximize success. One of the unique aspects of Shima Capital is that they provide more than just funding for their investments.
They also take a hands-on approach when necessary to help less experienced companies navigate the many hurdles that makeup launching a business. This relieves some of the stress for startups looking to grow their team at an accelerated speed.
This investment is one of the biggest for Shima Capital in the gaming industry. While they invest in many types of Web3 companies, gaming-related companies make up about 30% of the firm's portfolio.
Yida Gao understands that entertainment's importance is not fading as consumer needs shift. Gaming companies with a solid idea of keeping customers engaged can excel for a long time if they constantly innovate with new releases.
The firm lists all its investments on https://shima.capital/. People can also keep up to date with the venture capital firm with news, press releases, and more, all linked on their website.
About Shima Capital
Shima Capital is an early-stage venture capital investment firm headlined by Yida Gao. Launched in 2021, they’ve already invested millions in Web3 companies worldwide.
The firm strives to provide the necessary funding and guidance for startups operated by people with the right mindset and work ethic to succeed.
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