Megamod, a massively multiplayer gaming company, has recently secured $1.9 million in funding to further develop its user-generated content (UGC) platform. The company’s innovative approach to game design has attracted investors with extensive experience in business and entrepreneurship, including Xsolla’s founder Aleksander Agapitov and his family fund Hand of Midas, as well as Rubylight Fund and other private investors. With a post-money valuation of $27 million, Megamod aims to use the funds to support its go-to-market strategy, including testing a retention and monetization model.
Launched in early 2023, Megamod has already made significant strides in revolutionizing game development. By making game design tools more accessible and user-friendly, Megamod has demonstrated its ability to create games 200 to 300 times more cost-effectively and faster than traditional development companies. This efficiency has been a key factor in attracting over 2,000 creators who have collectively produced more than 50,000 games on the platform.
One of the main challenges for game publishers in today’s saturated market is keeping players engaged with captivating and easily accessible content. Megamod has proven its ability to meet this challenge by ensuring its games are listed on popular gaming portals like Y8 and CrazyGames. In just two weeks on CrazyGames, Megamod’s games have garnered an impressive rating of 8.8 based on over 21,000 reviews and have been enjoyed by more than 340,000 players.
To further enhance the accessibility and availability of their games, Megamod has developed the MegaBit app. This app focuses on retention and social interaction, allowing thousands of players to interact and spend time together in multiplayer experiences. Megamod’s commitment to crossplay between web and mobile platforms has also resonated with hundreds of streamers, who have been engaging with their audiences through game shorts and prize raffles.
Furthermore, Megamod aims to prioritize the role of creators in the game industry. Unlike many other companies, Megamod recognizes that games are not just products of a company but reflections of the creators’ visions. By showcasing the creators of each game and emphasizing the speed at which a final product can be released, Megamod is challenging the notion that game development is a lengthy and complex process. With the help of simplified tools and AI technology, Megamod has streamlined the game development process, allowing creators to bring their visions to life in a matter of hours rather than months or years.
The founders of Megamod, Dmitriy Semiriazhko and Alexey Kostarev, bring a wealth of experience and expertise to the company. Semiriazhko, known for his work with Clowder, has successfully created over 100 social networks for businesses and led a user-generated content project that reached 80 million people in the early days of social networking. Kostarev, on the other hand, has a strong background in game development and building successful companies with over $20 million in sales.
Megamod’s commitment to accessibility and minimalism sets it apart from its competitors. With small game assets ranging from 28 to 110 kilobytes, Megamod ensures that its games can be enjoyed even in regions with limited internet capabilities. While other companies focus on hyperrealistic graphics, Megamod embraces minimalism and celebrates the authenticity of its content. By emphasizing the human touch behind their games, Megamod has garnered a reputation for unique and authentic experiences.
In conclusion, Megamod’s UGC platform is transforming the landscape of game development. With its efficient and accessible design tools, the platform empowers creators with limited development expertise to bring their visions to life. By prioritizing the role of creators and fostering a sense of community, Megamod has created a platform that not only engages players but also inspires a new generation of game designers. As the gaming industry continues to evolve, Megamod is poised to make a significant impact by providing innovative and authentic gaming experiences.
