Trending...
- IRF Builders Forum Brings Global Leaders to Washington, D.C. to Advance Religious Freedom Through Cooperative Engagement
- IQSTEL Surges Toward $400M Run Rate with $101.5M in Revenue—Reinforces Billion-Dollar Vision Backed by Fintech, AI, and Cybersecurity
- Ascent Solar Technologies Enters Collaborative Agreement Notice with NASA to Advance Development of Thin-Film PV Power Beaming Capabilities: ASTI
Shima led the round, adding to their growing gaming portfolio
SAN FRANCISCO - OhioPen -- Shima Capital, led by founder and Managing General Partner Yida Gao, are delighted to announce their investment in Web3 gaming startup Midnight. Shima led the $7.5 million seed round for the company, which just emerged from stealth mode last week.
Midnight is founded by a team of seasoned industry professionals coming from NBCUniversal, Disney Mobile Games, and SoundCloud, with a design and creative team who've worked on the likes of Star Trek: Fleet Command, Diablo, and Warcraft. The team, and its connection to IPs, played a major role in what initially attracted Shima Capital to the project.
"Midnight is a project that really stands out from the rest," said Shima Capital founder Yida Gao. "They've chosen to focus on building high quality and accessible games for a diverse audience. They also use blockchain technology as a component of their tech stack, not the primary feature.
More on Ohio Pen
This helps to create real value and utility not just for active Web3 gamers, but for skeptic Web2 gamers making the transition. Finally, the way they weave connections through the games, creating something akin to a cinematic universe - is very unique in the space. We have the utmost faith that Midnight, and their team of industry veterans, will soon turn their vision into a reality."
Yida and the team at Shima Capital are especially excited about what's next for Midnight. Some games already in development at Midnight include Legion, a 4X MMO; Next Protectors, a 2D pixel brawler; and At Your Service, a couch co-op title. Over time, Midnight plans to build a portfolio of first and third-party games for multiple platforms, and genres for a wide and diverse audience.
Midnight is the latest investment by Shima Capital in the Web3 gaming sector. With over 170 companies in their portfolio, and counting, gaming makes up for roughly 30% of their investments. Web3 gaming has been, and continues to be, a top priority for Shima Capital.
More on Ohio Pen
To learn more about Yida Gao and Shima Capital visit www.shima.capital; to learn more about Midnight visit www.midnight.io.
About Shima Capital
Shima Capital is a leading early stage VC firm investing in disruptive blockchain companies. The fund is deeply focused on taking a hands-on approach and working closely with its portfolio companies to provide the most sweat equity per dollar invested. As teams in Web3 push the frontier of innovation, Shima helps hire talent, build community, amplify narratives, and foster the acceleration of technical research and development. Shima is composed of seasoned investors, accomplished operators, and former founders who align on a mission to support all-star teams with building and scaling generational companies.
Midnight is founded by a team of seasoned industry professionals coming from NBCUniversal, Disney Mobile Games, and SoundCloud, with a design and creative team who've worked on the likes of Star Trek: Fleet Command, Diablo, and Warcraft. The team, and its connection to IPs, played a major role in what initially attracted Shima Capital to the project.
"Midnight is a project that really stands out from the rest," said Shima Capital founder Yida Gao. "They've chosen to focus on building high quality and accessible games for a diverse audience. They also use blockchain technology as a component of their tech stack, not the primary feature.
More on Ohio Pen
- $17.4 Million Total Revenue for First Half of 2025 (up 31.8% YOY) for Global Wet Trades Services Provider with High Value Bitcoin Investments
- $12.8 Million Net Revenue for 2024 for Cloud-Based Crowdsourcing Recruitment and SaaS-Enabled HR Solutions Provider: Baiya International Group Inc
- Nationwide Completes Acquisition of Allstate Employer Stop Loss Business for $1.25 billion
- Hire Virtue Announces Executive Sponsorship Opportunity for Houston Hiring Blitz & Job Fair on August 6, 2025
- Inked & Maxim Model Teisha Mechetti Turns Heads—And Builds Community Impact
This helps to create real value and utility not just for active Web3 gamers, but for skeptic Web2 gamers making the transition. Finally, the way they weave connections through the games, creating something akin to a cinematic universe - is very unique in the space. We have the utmost faith that Midnight, and their team of industry veterans, will soon turn their vision into a reality."
Yida and the team at Shima Capital are especially excited about what's next for Midnight. Some games already in development at Midnight include Legion, a 4X MMO; Next Protectors, a 2D pixel brawler; and At Your Service, a couch co-op title. Over time, Midnight plans to build a portfolio of first and third-party games for multiple platforms, and genres for a wide and diverse audience.
Midnight is the latest investment by Shima Capital in the Web3 gaming sector. With over 170 companies in their portfolio, and counting, gaming makes up for roughly 30% of their investments. Web3 gaming has been, and continues to be, a top priority for Shima Capital.
More on Ohio Pen
- Plan to Launch Silo Technologies' Cybersecurity Pilot Program for Ultimate Nationwide Deployment via Exclusive Partnership: Stock Symbol: BULT
- Robert Michael & Co. Real Estate Team Celebrates Industry Recognition and Showcases Premier Central Florida Listings
- AI-Based Neurotoxin Countermeasure Initiative Launched to Address Emerging National Security Needs: Renovaro, Inc. (N A S D A Q: RENB)
- The Naturist World Just Shifted — NaturismRE Ignites a Global Resurgence
- $796,000 in Q2 Revenue Marks Highest Earnings to Date on 3 Trailing Quarters of Profitability in Multi-Billion Homebuilding Sector: Stock Symbol: IVDN
To learn more about Yida Gao and Shima Capital visit www.shima.capital; to learn more about Midnight visit www.midnight.io.
About Shima Capital
Shima Capital is a leading early stage VC firm investing in disruptive blockchain companies. The fund is deeply focused on taking a hands-on approach and working closely with its portfolio companies to provide the most sweat equity per dollar invested. As teams in Web3 push the frontier of innovation, Shima helps hire talent, build community, amplify narratives, and foster the acceleration of technical research and development. Shima is composed of seasoned investors, accomplished operators, and former founders who align on a mission to support all-star teams with building and scaling generational companies.
Source: Shima Capital
0 Comments
Latest on Ohio Pen
- Agreement to Supply US-Based Defense Provider with Thin-Film Solar Tech for Orbital Application; Ascent Solar Technologies, Inc. (N A S D A Q: ASTI)
- Byrd Davis Alden & Henrichson Launches Independence Day Safe Ride Initiative with 500 Free Uber Credits
- Express Wash Concepts Announces Clean Express Auto Wash Has Once Again Been Named a 2025 Cleveland Top Workplace
- databahn Launches GenAI Sales Intelligence Platform to Revolutionize Fortune 500 and Global 2000 Account Research
- William G. Chris Now Offering Personal Injury Legal Services Across Ohio
- IRF Builders Forum Brings Global Leaders to Washington, D.C. to Advance Religious Freedom Through Cooperative Engagement
- Colorado Scenthound Locations Partner with Humane Colorado to Give Adopted Dogs a "Clean Start"
- City of Columbus Proposes to Expand Zoning Code Modernization
- Endoacustica Europe Unveils iPhone 13 Pro Max Spy Phone—Pure Hardware, Zero Software Changes
- Suzanne Harp named Managing Director in Texas, USA
- $10 Million Acquisition of GXR World Sports Assets Energizes Global Launch of Sports.com Super App by Online Lottery-Sports Game Provider: Lottery.com
- Shop American Made Goods: New Online Marketplace My American Goods Curates the Best of U.S. Made
- Investor Spotlight: Cycurion, Inc. (N A S D A Q: CYCU) Secures $69M in Contracts Amid Surging Demand for AI-Powered Cybersecurity Solutions
- $328 Million Global Stroke Rehab Market Opportunity Awaits AI Telehealth Leader Following Selection for NIH Funded Phase 3 Clinical Study: VSee Health
- Ascent Solar Technologies Enters Collaborative Agreement Notice with NASA to Advance Development of Thin-Film PV Power Beaming Capabilities: ASTI
- VoodooSoft Unveils SiriusLLM: The World's First ChatGPT-Like AI Malware Detection Engine
- This Ain't Press. This Is Pressure — Star Command by RansomXX is Out Now
- TEAMSTERS LAUNCH NATIONWIDE AIRGAS STRIKE
- An Exclusive VIP Reception Honoring Vocal Prodigy Alliana Lili Yang's Remarkable Achievements and Magazine Cover Spotlight
- Joyce Carol Oates Returns to Hard Case Crime With DOUBLE TROUBLE