Indian social gaming platform STAN secures $8.5 million investment from Google and prominent Japanese gaming corporations
Indian Social Gaming Platform STAN Raises $8.5 Million in Funding Round
In an exciting development for the gaming and social media industry, Indian social gaming platform STAN has announced that it has raised $8.5 million in a new funding round. This round saw participation from a number of high-profile investors, including Bandai Namco Entertainment INC., Square Enix, Reazon Holdings, Google's AI Futures Fund, Aptos Labs, General Catalyst, GFR Fund, T-Accelerate Capital, and Pix Capital.
The AI Futures Fund, led by David Benjamin, Co-Founder of Google, expressed its excitement about STAN's vision to empower creators and enrich fan communities. AI Futures Fund has welcomed STAN and plans to collaborate closely to help bring its innovative ideas to life.
STAN's focus remains on building a fast, focused, and user-first social AI platform. The platform enables creators to build and monetise communities through shoutouts, subscriptions, and brand-led activations. It also offers publishers native distribution powered by creator engagement.
Parth Chadha, Co-founder & CEO of STAN, stated that gaming is identity, conversation, and community for the platform. He further emphasised that every product decision made by STAN is grounded in what drives value for creators and communities.
In the last two years, STAN has grown 25x through product-led growth. The funds raised will be used to expand STAN's presence in India and other mobile-dominant markets. STAN also plans to invest in AI-led personalisations and creator tooling to further enhance its offerings.
In addition, STAN plans to launch new integrations for publishers and partners to provide even more opportunities for creators and fans to connect and engage. This move is aimed at strengthening STAN's position as a leading player in the social gaming and creator economy space.
The search results do not provide information about the founding members of the AI Futures Fund by Google. However, the excitement and support shown by David Benjamin and the AI Futures Fund towards STAN's vision and growth are clear indicators of a promising future for the platform.
As STAN continues to grow and innovate, it is poised to make a significant impact on the social media and gaming landscape, particularly in mobile-dominant markets like India. With a strong focus on creators, communities, and user-centric design, STAN is set to empower creators and enrich fan communities in new and exciting ways.
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