STAN, PixCapital‘s very first investment, has successfully raised an $8.5m series A from a group that looks like the Avengers of gaming: Nazara Technologies Limited, Bandai Namco Entertainment Asia 021 Fund, Square Enix, Google, General Catalyst, Reazon Holdings, inc., T-Accelerate Capital, Aptos Labs, Eximius Ventures, TDV Partners, King River Capital as well as other returning and new investors.
For us, this was a case of ironclad conviction forged for more than six months of being impressed by how Parth Chadha and his team built prior to investing. At that point, other voices did not matter because our belief in them was so entrenched, it had become inevitable. Early stage investment is often about going right when everyone goes left.
Since then, they’ve only gone above and beyond what we thought they could achieve in such a short time. Each conversation has come back to the same line: “We just keep listening to players. We keep building for them.” Simple, but to us, it speaks to a foundational truth of our industry: that if we listen to and respect players, they give it back tenfold.
With user growth from 3M to more than 20M, and Stan now a social phenomenon woven into pop culture, the team is poised to leave its mark in India and beyond across gamer communities. We can’t wait to cheer upon what you do next!
