Company:Yahaha Studios

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Short description: Yahaha Studios
Yahaha Studios
IndustrySoftware
FoundedFounded in 2020 in Finland

Yahaha is a UGC-based, low-coding game creation platform and game distribution platform founded in 2020. Created by ex-Unity veterans. Yahaha built a no-code “metaverse for games”, where people can come together in communities to build and play games combining virtual and real-world elements.[1]

The platform has been gradually extended to support a variety of desktop and mobile platforms. Yahaha's goal is to "democratize" game development and make the development of 3D multiplayer interactive content more accessible.[2]

History and development

Yahaha was founded by ex-Unity veterans. After Yahaha launched its alpha in April of 2022, it grew to more than 100,000 users as of 2023.[3]

Yahaha is a series-A start-up building a user-generated content platform for 3D interactive experiences. “Round 1” was led by 5Y Capital; “Round 2” was led by Hillhouse Capital, and “round 3” was led by Coatue Management. Early investors participated in subsequent rounds, and other backers included ZhenFund, Bertelsmann Asia Investments, Bilibili and Xiaomi. The funding values Yahaha in the range of $300 million to $500 million.[1]

Yahaha has a community of over 100,000 developers and 200,000[2] registered users for its platform. It is actively creating studio partnerships, accelerator programs, global events, game jams, and more.[2]

YAHAHA Asset Ovi

In February of 2023, Yahaha Studios announced the launch of their 3D asset search tool, Asset Ovi.[4] It allows users to search assets from other 3D asset marketplaces such as Sketchfab and the Unity Asset Store in one platform. Using artificial intelligence (AI), Asset Ovi is the go-to platform to search for assets for any level of creators, from students and hobbyists to indie developers and 3D creation experts.[5]

Events

Throughout the 2023 Global Game Jam, Yahaha hosted 110 people live at their site in Helsinki over the course of 48 hours, making it the country's biggest hybrid-jam site. The jammers created 80 games, collaborating both on-site and through the online community, with some of the games created receiving as many as 34 thousand plays to date.[6]

References