Concept Art House (CAH), a San Francisco-based studio specializing in art for video games and NFT collectibles, announced that it has raised $25 million Series A.
The capital was raised from existing and new investors and blends venture capital funds, leading NFT platforms, and angel investors including prominent CEOs and tech founders. The investors includes Canadian NFT games maker Dapper Labs, Animoca Brands, Anthos, Appworks, Blockchain Coinvestors, Fabric VC, Hashkey, Liberty City Ventures, One Football, PKO Investments, Polymorphic Capital, Protocol Labs, Redbeard Ventures, Spartan Group, Steve Aoki, Jeff ‘Jiho’ Zirlin (Axie-Infinity), Gabby Dizon (Yield Guild Games), Vinny Lingham (Civic), and Kevin Lin (Twitch).
Dapper Labs CEO Roham Gharegozlou said: “We’re psyched to be extending our relationship with James and the talented team at CAH and excited to be both leading this round and joining the Board, which is a first for us. We believe that CAH will continue to be a creative powerhouse in the digital content and NFT arena, which we know first hand from our working relationship and collaboration on many exciting projects including our upcoming UFC digital collectibles experience launching on Flow.”
Founded in 2007, Concept Art House has pushed into the NFT realm a while ago under a separate division called Crypto Art House. For example, the studio teamed up with Gala Games to create an NFT drop celebrating the 30th anniversary of Sin City by Frank Miller.
“We are ecstatic with this raise and to receive such confidence from top-tier and diverse industry leaders and investors,” said CAH CEO James Zhang. “For years, Concept Art House has been known for producing best-in-class art for gaming and the greater entertainment industry. We now find ourselves at the intersection of NFT and gaming, two of the fastest growth areas in the blockchain ecosystem and digital entertainment. With the new funding and tremendous wind in our sails, we are relentlessly focused on being a dominant force in NFT creation and blockchain gaming.”
Zhang added that the new capital will be allocated to the continued build-out of the team, which has grown 30% year-to-date, looking at opportunistic acquisitions, building a vast NFT vault and securing and adding a new dimension to larger licensing deals across top blockchain protocols and marketplaces.