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UnCaged Studios

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Pioneering the next generation of AAA, play-first web3 gaming

Tel Aviv-Yafo, IsraelFounded 2021Consumer Services
Valuation $100–250M Last recorded · 2022
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for UnCaged Studios and the history behind them.

About UnCaged Studios

UnCaged Studios is a Web3-focused gaming studio established in August 2021 by brothers Raz and Tal Friedman. The founders leverage their previous experience at the publicly listed gaming company Playtika, with Raz serving as Chief Product Officer and Tal as General Manager, to address what they perceived as a need for higher quality and more sustainable play-to-earn games. Their vision is to operate as a gaming-first company that integrates Web3 technologies, rather than being driven primarily by the crypto aspect.

The company's core business involves developing its own game franchises and providing a proprietary platform, Game OS, for other studios. This platform is designed to facilitate the transition for both Web3-native and traditional Web2 developers into the blockchain gaming ecosystem by offering infrastructure, live operations services, and handling technical elements like wallet integration and NFT frameworks. A significant milestone was achieved in July 2022 when UnCaged Studios secured $24 million in a Series A funding round led by notable investors in the gaming space, including Griffin Gaming Partners, Vgames, and Drive by DraftKings. This followed an earlier $4 million token presale for its flagship game.

The studio's premier title is UNKJD Soccer (formerly MonkeyLeague), a turn-based, play-and-earn soccer strategy game built on the Solana blockchain. The gameplay combines strategic, chess-like decisions with RPG elements, requiring players to manage a team of 'Baller' NFTs. Each Baller possesses unique skills, stats, and visual traits, which can be upgraded. Matches involve simultaneous turn-based play where the outcomes of actions like shooting or defending are determined by comparing the stats of the involved players. The in-game economy is centered around the $MBS token, which is used for trading assets like Ballers and Skill Packs, thereby creating a player-driven marketplace. The game targets a broad audience, from sports game fans to strategy enthusiasts, and recently launched in Brazil with plans for global expansion.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2021
Headquarters
Tel Aviv-Yafo, Israel
Employees
33
Open positions
None listed
Dealroom signal
58.3/100
Industry
Gaming
Sector
Consumer Services, Hard Tech
Technology
Blockchain
Business model
SaaS
Client focus
b2b

Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES A✓Equity / VC Jul 2022 $24M $96M Vgames · Griffin Gaming Partners · Maverick Ventures Israel · Drive by DraftKings ↗
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Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025
2024
2023 —
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Growth signals

UnCaged Studios website traffic

Latest recorded traffic for UnCaged Studios is 120K monthly website visits, up 119900% over the last three months. UnCaged Studios's team declined 15.4% over the past year.

Latest monthly visits120K 3-month web change+119900% 1-year team growth-15.4%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

6 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A5 investors entered at this stage

  • Griffin Gaming Partners
  • Vgames
  • Maverick Ventures Israel
  • Drive by DraftKings
  • 6th Man Ventures

Other known investors1 additional known investor

  • Tomer Warschauer Nuni
Team profiled 6 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇮🇱 Israel · Tel Aviv-Yafo HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about UnCaged Studios on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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