Leading Japanese game companies, such as Bandai Namco Entertainment INC., Square Enix, and Reazon Holdings, along with Google’s AI Futures Fund and Aptos Labs, have contributed $8.5 million to the social gaming platform STAN’s Series A fundraising round. Current investors General Catalyst, GFR Fund, T Accelerate Capital, and Pix Capital also participated in the investment round.
The business has previously raised $4.5 million in pre-Series A fundraising from returning investors such General Catalyst as well as investors including GFR Fund, Aptos Labs, Pix Capital, and Maelstrom Fund.
STAN stated in a press release that the money will be used to introduce new integrations for publishers and partners wishing to establish inside gaming-led communities, invest in AI-led personalizations and creative tooling, and increase its footprint in India and other mobile-dominant areas.
Parth Chadha, Rahul Singh, and Nauman Mulla co-founded STAN in 2022 as a mobile-first social network for game developers, publishers, and players. The platform makes it simple to connect, expand, and empower gaming culture with its live audio capabilities, creative clubs, and real-time revenue features.
Through shoutouts, subscriptions, and brand-led activations, the platform helps creators to create and monetize communities. It also provides publishers with native distribution that is driven by creative interaction.
“We have built STAN with India at the core and the user at the centre. Every product decision is grounded in what drives real value for our creators and communities. In the last two years, we have grown 25 times purely through product led growth,” said Parth Chadha, co-founder and CEO of STAN.
In India’s tier 2 and tier 3 marketplaces, STAN has a robust user base and more than 25 million downloads. Discord, another player in this market, is its primary rival.
