Qloud Games Raises US$5 Million Seed Round to Advance Development of Loftia

Qloud Games has shared an update. The company announced it has raised a US$5 million seed round led by BITKRAFT Ventures and GFR Fund, with additional participation from a16z Speedrun, 1Up Ventures, and Gaingels. Qloud Games, founded three years ago, is developing Loftia, an online “third space” game focused on community and social interaction. The team has grown to around 30 employees, and the company is conducting Alpha playtests with its community as it progresses toward an Early Access release.

For investors, the successful completion of a sizable seed round backed by prominent gaming and venture investors strengthens Qloud Games’ funding base and validates its concept in a competitive gaming and virtual-worlds market. The capital infusion should support continued product development, team expansion, and infrastructure ahead of Loftia’s Early Access launch, a key milestone that will test user engagement, monetization models, and scalability. The involvement of sector-focused funds such as BITKRAFT and GFR may enhance Qloud’s industry connections and strategic guidance, potentially improving its chances of securing future funding rounds. However, as an early-stage studio without a released product, the company’s financial outlook remains highly dependent on successful execution of Loftia’s development, player retention, and eventual revenue generation once the title moves beyond Alpha and into commercial availability.