Qloud Games Secures $5 Million in Seed Funding for Solarpunk MMO
Deal News | Aug 15, 2025 | Wilson Sonsini
Sydney-based Qloud Games, the developer of the innovative MMORPG Loftia, has successfully raised $5 million in seed funding. The round was led by prominent venture capitalists BITKRAFT Ventures and GFR Fund, with further investments from a16z Speedrun, 1UP Fund, and Gaingels. The funding aims to support the development of Loftia, which is unlike traditional MMOs, being set in a solarpunk world designed to encourage positive, collaborative, and environmentally-conscious gameplay. Wilson Sonsini Goodrich & Rosati legally advised Qloud Games, with key individuals on the team including Jonathan Chan and Mark Baudler. Founded by Michael Su, Martina Qin, and Eric Mallon, Qloud Games aims to redefine the MMO genre by promoting eco-friendly narratives.
Sectors
- Video Game Development
- Venture Capital
- Legal Advisory
Geography
- Australia – Qloud Games is based in Sydney, Australia, indicating that the company's primary operations or headquarters are located there.
- United States – Several key investors, including BITKRAFT Ventures, are based in the United States, reflecting the geographical spread of investment.
Industry
- Video Game Development – Qloud Games is part of the video game development industry, focusing on the creation of MMO games with eco-conscious themes.
- Venture Capital – The involvement of firms like BITKRAFT Ventures and others denotes the role of venture capital in funding innovative gaming projects.
- Legal Advisory – Wilson Sonsini Goodrich & Rosati provided legal advisory services for the seed funding round, affecting the legal framework part of the technology and investments sector.
Financials
- $5 Million – The total amount raised by Qloud Games in the seed funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Qloud Games | Target Company | Company | A Sydney-based independent video game studio developing the MMORPG Loftia. |
| BITKRAFT Ventures | Lead Investor | Company | A venture capital firm that led the $5 million seed funding round for Qloud Games. |
| GFR Fund | Co-Investor | Company | A co-investor in the seed funding round for Qloud Games. |
| a16z Speedrun | Co-Investor | Company | Part of Andreessen Horowitz, involved as a co-investor in the seed round. |
| 1UP Fund | Co-Investor | Company | Participated as a co-investor in the seed financing round. |
| Gaingels | Co-Investor | Company | A co-investor focusing on providing investment to diverse teams and innovative projects. |
| Wilson Sonsini Goodrich & Rosati | Legal Advisor | Company | Provided legal advisory services to Qloud Games on the transaction. |
| Jonathan Chan | Legal Advisor | Person | Part of the Wilson Sonsini team advising Qloud Games. |
| Mark Baudler | Legal Advisor | Person | Part of the Wilson Sonsini team advising Qloud Games. |
| Michael Su | Founder | Person | One of the founders of Qloud Games. |
| Martina Qin | Founder | Person | One of the founders of Qloud Games. |
| Eric Mallon | Founder | Person | One of the founders of Qloud Games. |