On August 13, 2025, Sydney, Australia-based Qloud Games, the independent studio behind the upcoming massively multiplayer online (MMO) game Loftia, announced a $5 million seed funding round led by BITKRAFT Ventures and GFR Fund, with participation from a16z Speedrun, 1UP Fund, and Gaingels. Wilson Sonsini Goodrich & Rosati advised Qloud Games on the transaction.

Founded by Michael Su, Martina Qin, and Eric Mallon, Qloud Games is pioneering the first cozy MMO set in a vibrant solarpunk world. Unlike traditional MMOs or life-sim games, Loftia is designed from the ground up to foster positive, collaborative, and eco-conscious gameplay.

The Wilson Sonsini team that advised Qloud Games on the transaction included Jonathan Chan, Mark Baudler, Angela Loc, and Laura Odujinrin.

For more information, please see Qloud Games’ news release. Additional coverage is available on GamesBeat.