Astra Nova
ActiveA Riyadh-based AI-powered Web3 entertainment ecosystem — anchored by the no-code TokenPlay AI builder, the NovaToon webtoon platform, and the Deviants: Fight Club PvP game — that lets creators launch tokenized, blockchain-based experiences.
Astra Nova is a Riyadh-headquartered AI/Web3 entertainment startup, co-founded by Muhamed Ashhar and Faizy Ahmed (CEO), with partnerships spanning NEOM, NVIDIA Inception and Alibaba Cloud; it has raised roughly $48.3 million cumulative funding through October 2025 from Outlier Ventures and unnamed MENA family offices/institutional investors, though its LinkedIn also lists a Road Town, British Virgin Islands entity alongside its Riyadh office, likely reflecting offshore structuring tied to its RVV token. That token is a material integrity flag for reviewers: RVV fell roughly 50% (from $0.028 to $0.007) within hours of its October 2025 exchange debut after roughly $10.2 million in tokens were dumped on the market; Astra Nova blamed a compromised third-party market-maker account, but on-chain analyst EmberCN publicly questioned the hack narrative since the funds were converted to USDT and moved to centralized exchanges rather than laundered as a genuine attacker typically would.
Founders
Funding Rounds
Investors: Outlier Ventures, unnamed family offices and institutional investors (Saudi Arabia, UAE, Bahrain)
Round was $41.6M (CoinDesk, Wamda); $48.3M is the company's cumulative total to date. Investors: Outlier Ventures, unnamed family offices and institutional investors (Saudi Arabia, UAE, Bahrain).
Investors: undisclosed consortium of global institutional investors and Web3-native supporters, strategic investors from MENA
No round label or named investors; funds earmarked for TokenPlay.ai ahead of the $RVV TGE. ICO Drops separately lists a $2M Gems presale (10 Mar 2025, $0.005/RVV, $50M pre-valuation) that may be part of this figure — aggregator only. Also: https://lucidityinsights.com/news/astra-nova-secures-47m https://www.theglobeandmail.com/investing/markets/markets-news/Newsfile/33893266/astra-nova-secures-4-7m-to-propel-ai-driven-entertainment-and-prepares-token-launch/ Confidence: confirmed (round 13, Newsfile (company press release)).
Lead: Hashgraph Ventures
Investors: Hashgraph Ventures, Oxbull, MoonEdge, Vision, Kanga, Spicy Capital, Equinox, BTS Labs, Sensei Capital, MENA investors from KSA, Dubai and Oman
Web3 gaming; CEO Faizy Ahmed quoted. Date is the article date. Confidence: confirmed (round 13, Gulf News).
Something here wrong?
Every figure on this page is meant to have a source behind it. If one doesn't match reality, tell us and we'll fix it.
Feedback about Astra Nova