Fundraising Fox

Azra Games

Sacramento, US · Founded 2022 · Delaware corporation · 116 employees on LinkedIn · 10 known investors

Azra is a video game developer that creates role-playing games for mobile platforms, leveraging proprietary AI technology to accelerate development and bring titles to market faster.

Also known as Azra · Azra Games, Inc.

Founders & leadership

Azra Games was founded in 2022 by Mark Otero.

MOMark Otero
Mark OteroinCEO
DS
David ScurfieldExecutive
SM
Sonny MayugbaExecutive

Board

FBFranklin Bi
Franklin Biin𝕏Board MemberGeneral Partner at Pantera Capital

Investors · 10

Also in the syndicate · 2

a16zleadA16Z GAMES

Reported raises · per SEC filings

Form D private placements

$77.5M disclosed across 5 of 6 rounds · 2022–2025

$18.9MraisedNov 2025 · 4 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Franklin BiDirector
  • Mark OteroExecutive Officer, Director
  • David ScurfieldExecutive Officer, Director
Offering amount
$31M
Amount sold
$18.9M
First sale
Oct 2025
Incorporated
Corporation, Delaware, 2022
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$32.6MraisedJul 2024 · 9 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • David ScurfieldExecutive Officer, Director
  • Franklin BiDirector
  • Mark OteroExecutive Officer, Director
Offering amount
$42.7M
Amount sold
$32.6M
First sale
Jun 2024
Incorporated
Corporation, Delaware, 2022
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$10MraisedFeb 2023 · 9 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • David ScurfieldExecutive Officer, Director
  • Mark OteroExecutive Officer, Director
  • Sonny MayugbaExecutive Officer, Director
Offering amount
$10M
Amount sold
$10M
Proceeds to insiders
$500K
First sale
Dec 2022
Incorporated
Corporation, Delaware, 2022
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$824KraisedMay 2022 · 24 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • David ScurfieldExecutive Officer, Director
  • Mark OteroExecutive Officer, Director
  • Sonny MayugbaExecutive Officer, Director
Offering amount
$824K
Amount sold
$824K
First sale
Feb 2022
Incorporated
Corporation, Delaware, 2022
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$15.3MraisedMay 2022 · 21 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Sonny MayugbaExecutive Officer, Director
  • Mark OteroExecutive Officer, Director
  • David ScurfieldExecutive Officer, Director
Offering amount
$15.3M
Amount sold
$15.3M
Proceeds to insiders
$500K
First sale
Apr 2022
Incorporated
Corporation, Delaware, 2022
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Azra Games is a video game studio founded in 2022 in Sacramento, California, by Mark Otero, previously general manager at EA Capital Games and the 0-to-1 director of Star Wars: Galaxy of Heroes. The company develops role-playing games designed to run first on mobile devices with visual fidelity comparable to PC and console titles, and to be ported cross-platform with limited additional work. Otero frames the company's goal as defining a "4th generation" of mobile RPGs characterized by open worlds, over-the-shoulder cameras, real-time battles and extended PvE campaigns, in contrast to earlier generations of text-based, 2D and turn-based mobile RPGs.

The studio's flagship project was announced in 2024 under the code name "Project Legends" and was subsequently revealed in May 2025 as UnGodly, a dark fantasy free-to-play RPG for mobile and PC described by the company as a Sword & Sorcery interpretation. Pre-registration for iOS and Android was reported in June 2026. Azra also operates Azra Labs, a research and development team led by co-founder and CTO Travis Boudreaux, applying artificial intelligence to accelerate the production of AAA mobile content by industrializing the RPG development process; the company markets this internally developed stack as RPG GameKit. An IP center within the company supports intellectual property development and idea generation.

Azra has been covered as a web3 / blockchain-adjacent game developer, with investors citing the combination of new gaming formats with digital ownership. Otero has stated the company's sequencing is to first build a strong RPG and only then incorporate additional technology, including web3, to amplify the player experience.

Founding story

Mark Otero, who taught himself English reading Dungeons & Dragons books and later served as general manager of EA Capital Games and 0-to-1 director on Star Wars: Galaxy of Heroes, founded Azra Games in 2022 to build the next generation of role-playing games. Otero had previously founded KlickNation, acquired by Electronic Arts in 2011. Travis Boudreaux is identified as co-founder and CTO.

Business model

Azra develops and intends to publish its own RPG titles rather than work for hire; its announced flagship, UnGodly, is a free-to-play game targeted at mobile and PC. The company's leadership backgrounds and the free-to-play positioning indicate monetization within the game, though the sources do not detail specific monetization mechanics.

Free-to-play game distribution on mobile app stores and PC, per the company's description of UnGodly as a free-to-play RPG; no revenue figures for Azra are disclosed in the sources.

Traction

Total disclosed funding of $68.3 million as of October 2024. The company has assembled a senior leadership team of games-industry veterans, revealed its flagship title UnGodly in May 2025, showed it at industry events including Devcom 2025 and the Fall Xbox Indie Showcase in November 2025, and opened iOS and Android pre-registration as reported in June 2026. No user, revenue or download metrics are disclosed in the sources.

Latest developments

The company's news timeline records UnGodly pre-registration opening for iOS and Android in June 2026, following a Fall Xbox Indie Showcase appearance in November 2025 and the title's May 2025 reveal. The homepage states the flagship title launches later in the year.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Positioned as a challenger studio aiming to bring console/PC-quality RPG experiences to mobile for Western audiences. Investors and press place it within blockchain/web3 gaming, a category where a CoinGecko report cited by Fortune found that 75.5% of 2,817 web3 games launched between 2019 and 2023 failed. Press materials note mobile RPGs account for roughly one-third of total mobile games revenue.

Founding team drawn from EA Capital Games and other established studios with prior top-grossing free-to-play RPG experience; a proprietary AI production stack (RPG GameKit / Azra Labs) intended to speed content creation; and a mobile-first architecture designed for low-cost porting to PC and console.

Technology

Azra has built a proprietary AI stack it calls RPG GameKit, which the company says lets it bring cross-platform games to market faster. The AI work is centered in Azra Labs, an R&D team led by co-founder and CTO Travis Boudreaux focused on applying artificial intelligence to accelerate creation of AAA mobile content at scale and to industrialize the RPG development process. The flagship title is positioned as a graphically advanced mobile game built to port to PC and console with minimal additional work.

Go-to-market

Mobile-first release through app stores with subsequent porting to PC and console; marketing through company news posts, industry events such as Devcom 2025 and the Fall Xbox Indie Showcase, press coverage, and app-store pre-registration campaigns ahead of launch.

Western players of role-playing games on mobile devices, with planned availability on PC and potential porting to console.

Geography

Headquartered in Sacramento, California, with an additional studio in Austin, Texas; the company has stated plans to expand its team globally.

History

Founded in 2022 in Sacramento. A $15 million seed round led by a16z was reported in May 2022. In October 2024 the company announced a $42.7 million Series A led by Pantera Capital, bringing total funding to $68.3 million, and disclosed a flagship project code-named Project Legends alongside the expansion of Azra Labs. In May 2025 the studio revealed the title as UnGodly, a dark fantasy free-to-play RPG for mobile and PC; it appeared at Devcom 2025 in August 2025 and at the Fall Xbox Indie Showcase in November 2025, and pre-registration for iOS and Android was announced in June 2026. The company operates studios in Sacramento and Austin.

Risks & controversies

Fortune's coverage notes the poor historical track record of blockchain gaming, citing a CoinGecko report that 75.5% of 2,817 web3 games launched between 2019 and 2023 failed, framing Azra's blockchain-linked positioning as an unproven bet. The company remains pre-launch on its flagship title, with no disclosed revenue or player metrics.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
HeadcountAug 2026116
Total capital raised stated on siteJan 2026$68M
Total funding to dateOct 2024$68.3M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 6

by search overlap

Companies competing with Azra Games for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 6

launches, deals, and filings
Jun 2026
UnGodly opens pre-registration for iOS and Android

Company news item reporting that pre-registration for the Frazetta-inspired RPG UnGodly opened for iOS and Android.

source ↗

Nov 2025
Azra Games title featured at the Fall Xbox Indie Showcase

Company news listing cites coverage of new games shown at the Fall Xbox Indie Showcase.

source ↗

Aug 2025
Azra Games participates in Devcom 2025

Company news item covering Azra Games' presence at Devcom 2025 discussing RPGs, mobile gaming and the future of play.

source ↗

May 2025
Azra Games reveals UnGodly, a dark fantasy free-to-play RPG for mobile and PC

Company news item announcing the reveal of UnGodly, a dark fantasy free-to-play RPG planned for mobile and PC.

source ↗

Oct 2024
Azra Games closes $42.7M Series A led by Pantera Capital

Azra Games announced the completion of a $42.7 million Series A round led by Pantera Capital (Franklin Bi), with participation from a16z crypto (Arianna Simpson), A16Z GAMES (Jonathan Lai) and NFX (Gigi Levy-Weiss), bringing total funding to $68.3 million. Proceeds were earmarked for projects in development including flagship title code-named 'Project Legends', global team expansion, and growth of the Azra Labs AI R&D group.

$42.7M source ↗

May 2022
Seed round of $15 million led by a16z

Azra Games raised $15 million in seed funding led by a16z, with participation from NFX, Coinbase Ventures, Play Ventures and Franklin Templeton.

$15M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
Azra GamesDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Azra Games do?
Sacramento-based studio building mobile-first, console-quality role-playing games using a proprietary AI development stack.
Who founded Azra Games?
Azra Games was founded by Mark Otero in 2022.
Who are Azra Games's investors?
Azra Games's investors include a16z crypto, Andreessen Horowitz, Bollinger Investment Group, Coinbase Ventures, NFX, Pantera Capital, Play Ventures, RockawayX.
How much funding has Azra Games raised?
Azra Games has disclosed $77.5M raised across 5 of its 6 known rounds.
Where is Azra Games headquartered?
Azra Games is headquartered in Sacramento, US.